London’s stock market rallied on Tuesday with the blue-chip FTSE 100 edging higher throughout trade, while the domestically focused FTSE 250 recovers to its pre-pandemic levels amid hopes of economic recovery and the easing of lockdown restrictions.
The FTSE 100 closed up 86 points, 1.3 per cent, at 6,824, while the FTSE 250 added 262 points, 1.2 per cent, to finish at 21,994 on Tuesday.
Cinema and pub shares were higher as the UK announced it will stick to its reopening plans allowing shops and pub gardens to open. Mining and travel stocks also witnessed a rise.
The pound took a hit, however, as sterling fell 0.5 per cent against the dollar and 0.7 per cent against the euro, with £1 buying $1.384 and €1.168 respectively shortly after the London market close.
Meanwhile, on Wednesday morning Asian markets saw a positive opening as markets in Japan and Korea opened in green. In Japan, the Nikkei 225 rose 0.35 per cent, though it saw a dip later. The Topix was up 0.6 per cent while South Korea’s Kospi added 0.47 per cent. Australia’s ASX 200 also advanced at 0.6 per…
