London stocks edged higher in early trade on Tuesday, taking their cue from a positive session on Wall Street after reassuring comments from New York Federal Reserve Bank President John Williams.
At 0905 BST, the FTSE 100 was up 0.3% at 7,080.98.
Neil Wilson, chief market analyst at Markets.com, said: “John Williams reiterated that the US central bank is not moving quickly, despite what most saw as a hawkish statement last week.”
Williams said on Monday: “It’s clear that the economy is improving at a rapid rate, and the medium-term outlook is very good. But the data and conditions have not progressed enough for the FOMC to shift its monetary policy stance of strong support for the economic recovery.”
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.