Stocks edge up amid Biden cheer

London stocks edged higher in early trade on Thursday, underpinned by stimulus hopes as investors welcomed the start of Joe Biden’s US presidency.

At 0850 GMT, the FTSE 100 was up 0.3% at 6,758.87, while sterling was 0.4% firmer against the dollar at 1.3707. The stronger pound was likely holding back the top-flight index, as around 70% of its constituents derive most of their earnings from overseas.

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.

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