London stocks rose in early trade on Tuesday, recovering some ground following heavy losses in the previous session on the back of Covid concerns. At 0855 BST, the FTSE 100 was up 1.1% at 6,919.08.
Richard Hunter, head of markets at Interactive Investor, said: “The opening of trade in the UK reflects something of a relief rally, with the possibility that investors are seeking buying opportunities given what may have been a slight overshoot of negative sentiment. Even so, it will be some weeks for the effects of the full easing of restrictions in the UK to become apparent.
“As such, this may be a time to tread carefully until such time as the variant can be stopped in its tracks, thus allowing the full return to some kind of normality – and economic recovery – to resume.”
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.