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FTSE 100 LIVE: UK market soars on open as hopes grow for economic boost

Japan’s Topix index rose 1.4 percent on Wednesday morning in Asia, the FT reported. Australia’s S&P/ASX 200 rose 1.3 percent.

Hong Kong’s Hang Seng was up 0.3 percent, while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks fell 0.4 percent.

Overnight on Wall Street, the S&P 500 closed 1.3 percent higher.

The market recovered after Lael Brainard, a governor at the US Federal Reserve, spoke about doing more to boost the economy, including introducing yield curve control.

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9am update: FTSE soars on open

The FTSE 100 has started brightly this morning, rising from yesterday’s close of 6,179 to 6,227 this morning. 

This represents a 0.87% rise, as hopes of a post-coronavirus economic recovery grow. 

More to follow…

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