Home Business NewsBusiness FTSE 100 mounts modest recovery

FTSE 100 mounts modest recovery

by LLB Editor
12th May 21 12:15 pm

The FTSE 100 staged a recovery after yesterday’s bruising inflation-linked sell-off, moving close to the 7,000 mark which the index seems to have claimed and surrendered more often than a baby with a rattle.

“Some positive corporate updates are helping support the move higher, with miners up and tech-focused investment trust Scottish Mortgage recovering some ground after being hit hard in the recent volatility,” says AJ Bell investment director Russ Mould.

“The next move for the markets could be determined by US inflation figures out this afternoon. If these come in ahead of expectations then investors may need to prepare themselves for more pain but a lower than forecast reading could help calm tensions over rising prices.”

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