Following a miserable run over the last week or so, the FTSE burst back into life as Tuesday progressed.
Surging a surprising 1.3%, the UK index set aside any Huawei or Brexit-related fretting to re-cross 6800, hitting 6835 for the first time in almost a week. Most of its major sectors were in the green, including its rebounding oil stocks, a decent showing from its miners, and a strong performance from Imperial Brands (LON:IMB) and BAT (LON:BATS), both of which looked smoked on Monday.
Sterling, meanwhile, sat twiddling its thumbs, unwilling to do much of anything ahead of this evening’s latest Parliament Brexit vote. Though there is potentially plenty of volatility in store given the number of amendments jostling for dominance, at the moment the pound is merely down 0.1% against both the euro and the dollar.
Turning to the US, and after Monday’s Caterpillar-led plunge, the Dow Jones is set to see another 40 points dip when the bell rings on Wall Street, though its actual performance may well be dependent on the state of earnings from the likes of Pfizer (NYSE:PFE).
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