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Market remains in a sunny mood as virus crisis eases

by LLB Editor
28th May 20 1:09 pm

The market mood matched the sunny weather on Thursday with investors determinedly focusing on the positives as the FTSE 100 built on its gains for the week and the recovery from the coronavirus-inspired sell-off continued, says Russ Mould, investment director at AJ Bell.

“A great deal of comfort is being taken from the easing of lockdown conditions, although the time lag between allowing people greater freedom of movement and any spike in infections means the advance for equities still feels provisional – with signs of a resurgence in cases in South Korea illustrating the risks.

“Bubbling away under the surface are issues like the political unrest in Hong Kong, with suggestions of tit-for-tat measures between the US and China as tensions escalate.

“Notably oil prices were lower as US stockpiles increased and gold prices began to tick up, hitting $1,719.81.”

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