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FTSE 100 ends higher on defensive boost, but miners weigh

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Tiffiny
2024-09-18 21:59 3 0

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"The strong start of the week can be undone, especially as the week goes on as we have U.S. inflation numbers and ECB monetary policy statement on focus, which potentially is going to cause the bond yield issue to come to the forefront once again." The blue-chip FTSE 100 index finished up 0.2%, with industrial stocks and defensive plays rising as investors bet on them benefiting the most from an economic reopening once the coronavirus pandemic recedes.

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It hasn't stopped there. They've spread their strategy to struggling movie chain AMC and tech company BlackBerry, too. A raft of global stimulus measures and optimism around vaccine rollouts have helped the FTSE 100 rebound more than 37% from a coronavirus-driven crash last year, but investors are cautious after Bank of England governor Andrew Bailey expressed concerns on Monday about a possible rise in inflation.

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history. March 9 (Reuters) - London's FTSE 100 ended higher on Tuesday thanks to strength in industrials and other defensive sectors, although broader gains were capped by weakness in mining stocks due to a drop in metal prices. It's hard for the market to maintain explosive gains without a good reason and arguably today they don't have a good one and there is a bit of caution around the bond yield issue," said Connor Campbell, analyst at Spreadex. "Yesterday the market had huge gains.

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