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FTSE 100 up after strong US finish

by LLB Editor
16th Mar 21 10:54 am

A strong finish to trading in the US overnight and robust trading in Asia helped give the FTSE 100 a lift on Tuesday, shaking off any hangover from the day before and framing the day’s narrative around whether the index can regain the 6,800 mantle it briefly attained on Monday, says AJ Bell investment director Russ Mould.

“For once words might speak louder than actions when the US Federal Reserve meets tomorrow. It seems unlikely there will be any move on interest rates immediately but, after the recent jump in bond yields amid growing fears over rising inflation, the market will be desperate for signals on the pace and direction rates are likely to take.

“Elsewhere, the decision by several European countries to suspend use of the AstraZeneca vaccine around disputed safety concerns is not helpful to sentiment and investors will be hoping the situation can be resolved sooner rather than later.”

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