Good morning. The FTSE 100 is set to climb around 0.20pc to add 15 points this morning as markets look to maintain their upward momentum. The FTSE 250 and Euro Stoxx 600 both reached new record highs yesterday while Wall Street rebounded from a weak start to push on, with Asian stocks shrugging off delta variant fears to drive higher on strong US earnings and vaccine rollouts.
Stronger than expected earnings for US companies are expected to fuel markets in the second half, according to JP Morgan analysts, who wrote in a note: “Our baseline forecast for strong global growth to further gather steam in 2H21 has remained unchanged in recent months.”
“The central pillar of our global outlook is that vaccines will sever the link between Covid-19 and economic activity,” they added.
The main risk remains the transmission of the delta variant, especially after a fresh outbreak of cases in China.
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