FTSE 100 LIVE: Global stocks gain as investors’ hopes of economic recovery surge

2 min

12 shares, 84 points

Hong Kong’s Hang Seng index edged up 0.2 percent while China’s CSI 300 benchmark of Shanghai- and Shenzhen-listed stocks rose 0.4 percent. South Korea’s Kospi rose 1.5 percent while shares in Australia were mostly the same.

Overnight in New York, the S&P 500 closed 0.4 per cent higher while the tech-heavy Nasdaq Composite rose 0.7 per cent to a fresh record high.

Manufacturing gauges for France, Germany and the UK rose more than economists had expected.

Futures tipped the US stock benchmark to fall 0.3 percent when trading begins on Wall Street later in the day.


Countdown blunder: Rachel Riley's huge mistake after replacing Carol Vorderman exposed

FTSE 100 live: Global stocks surged on Wednesday (Image: GETTY)

9.21am update: Hang Seng index trades down 

The Hong Kong stock exchange has finished trading 125.76 down on the day at 24,781.

9.01am update: Falkland Islands emerges as Brexit battleground 

Securing market access for the Falkland Island squid has emerged as a key negotiating goal with Brussels.

According to the Financial Times, British diplomats have looked to preserve tariff-free trade in the region.

Squid coming from the region accounts to half of the calamari eaten in southern Europe.

8.50am update: FTSE 100 plummets 

The FTSE 100 has begun trading 94.96 points down at 6,227 at the time of the writing.

8.20am update: Pound is becoming emerging market currency 

The pound sterling is becoming an emerging-market currency analysts at Bank of America (BoA) have stated.

Due to the huge swings in the currency over the last few years, the pound may now be seen as a better match with the Mexican peso rather than the US dollar.

Kamal Sharma from the BoA stated the currency has now become “neurotic at best, unfathomable at worst”.

Countdown blunder: Rachel Riley's huge mistake after replacing Carol Vorderman exposed

FTSE 100: Pound sterling begins trading (Image: GETTY)

7.15am update: Record number of US companies seek loan adjustments 

Last month 43 US issuers of leverage loans asked lenders for relief on their conditions due to rising debts from the coronavirus pandemic.

That surpassed the March 2009 high of 25 according to the unit of rating agency S&P Global.

7.09am update: Nikkei 225 remains up

Japan’s stock exchange remains one point up at 22,550 at the time of writing this morning.

Bill McLoughlin takes over from Rachel Russell. 

5.58am update: Asian shares crept to a four-month high on Wednesday as investors remained stubbornly upbeat 

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.39 percent to reach its highest since early March, though turnover was light.

Japan’s Nikkei firmed 0.1% and Chinese blue chips 0.3 percent. Caution was still evident elsewhere with E-Mini futures for the S&P 500 off 0.1 percent and EUROSTOXX 50 futures easing 0.7 percent.

On Wall Street, the Dow had ended Tuesday 0.5 percent higher, while the S&P 500 gained 0.43% and the Nasdaq 0.74 percent.

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