London stocks rose in early trade on Tuesday as investors mulled the latest UK borrowing figures and turned their attention to upcoming rate decisions from the Federal Reserve, Bank of England and Swiss National Bank.
At 0830 GMT, the FTSE 100 was up 0.8% at 7,461.09.
Lukman Otunuga, senior research analyst at FXTM, said that although the latest developments – the acquisition of Credit Suisse by UBS – have lifted sentiment, “the overall mood remains fragile with investors likely to remain guarded ahead of the Fed meeting tomorrow”.
“We expect financial markets to remain volatile and highly sensitive to any fresh news concerning the global banking sector,” he said.
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.