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FTSE starts busy week on front foot

by LLB Reporter
25th Oct 21 11:14 am

The FTSE 100 started a new week in robust fashion on Monday despite a lukewarm reaction to better-than-expected results from index heavyweight HSBC.

AJ Bell investment director Russ Mould said: “The mining sector is doing the heavy lifting, as it did at the end of last week. The coming days look busy as more of the UK’s big companies report on third quarter trading and Chancellor Rishi Sunak delivers his latest Budget.

“As we head into winter, Covid is starting to move back into the market’s consciousness amid concern about a rising number of infections in the UK – threatening the return of restrictions which could hit the travel and hospitality sectors in particular.”

 

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