UK shares join global rebound on stimulus measures [Reuters (UK)]
BP p.l.c. (BP)
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Source: Reuters
UK shares join global rebound on stimulus measures - Reuters 4 Min Read (Reuters) - UK shares regained some ground on Tuesday, as massive stimulus measures from central banks and governments paused the coronavirus-driven selloff even as Britain went into a lockdown. The FTSE 100 index .FTSE rose 4.3%, tracking strong gains in Asia, as investors cheered the U.S. Federal Reserve's offer of unlimited expansion of asset purchases to stabilise financial markets. “A bit of a breather from the equity market death spiral today as risk sentiment recovered after the Fed went all in,” said Stephen Innes, a strategist at AxiCorp. “And there’s probably a bit more gas left in the tank as the markets attempt to weigh the pros and cons of the most significant monetary policy experiment ever.” UK’s commodity-heavy FTSE 100 was boosted by a jump in oil and metal prices. Oil majors BP Plc ( BP.L ) Royal Dutch Shell Plc ( RDSb.L ) rallied more than 15%, while the wider mining index .FTNMX1770 rose 10
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BP
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- 11/14/24 - Form FWP
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