Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

FTSE 100 rises to near one month-high after Biden's U.S. election victory

Published 09/11/2020, 09:16
Updated 09/11/2020, 09:18
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 1.5%, FTSE 250 adds 1.5%

Nov 9 (Reuters) - London's FTSE 100 jumped on Monday as
investors cheered Joe Biden's U.S. election victory on hopes of
more monetary stimulus and calmer global trade, while also
awaiting progress on a Brexit deal with the European Union.
The blue-chip FTSE 100 index .FTSE added 1.5% to touch its
highest level since Oct. 14, with Taylor Wimpey Plc TW.L
surging 9.2% after the homebuilder said it was on track to
deliver annual results above market expectations. The wider homebuilding .FTNMX3720 sub-index rose 2.1%.
The domestically focussed mid-cap FTSE 250 gained 1.5% after
Prime Minister Boris Johnson said on Sunday a Brexit trade deal
was "there to be done", suggesting his view that the agreement's
broad outline was already "pretty clear" was shared in Brussels.
In company news, On The Beach Group Plc OTB.L fell 3.4%
after the holiday package provider warned of a hit to seat
capacity due to England's four-week ban on international leisure
travel.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.