The FTSE 100 opened slightly lower, falling back below 7,000 after mixed trading in Asia and a fall in the US as tech stocks slumped, says AJ Bell investment director Russ Mould.
“Investors seem to be struggling to make up their minds on where we are with the Covid-19 pandemic, unsurprisingly as this is a global picture with plenty of moving parts.
“The markets are bouncing from reopening optimism to concerns over mounting infections in parts of the world as the rollout of vaccines proves patchy.
“The drop in UK unemployment below 5% in the three months to February suggests the job retention scheme is doing its job, though beneath the surface more up to date indicators suggest a less happy picture with 56,000 fewer people on company payroll in March.”
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