Stocks recover after Wednesday’s losses

London stocks rose in early trade on Thursday, recovering from losses in the previous session, when worries about rising inflation and a crypto crash sent markets tumbling.

At 0850 BST, the FTSE 100 was up 0.5% at 6,981.94.

Neil Wilson, chief market analyst at Markets.com, said: “Markets in Europe have opened broadly higher this morning as they recover some of the losses from the swathe of selling on Wednesday, whilst the Federal Reserve underscored it’s in no rush to tighten monetary policy, minutes from its April meeting showed.

“Focus remains on the broader pace of inflationary pressures and recovery in the US with the weekly unemployment claims data (f/c +453k) and the Philly Fed manufacturing index. Iron ore and other industrial commodities linked to steel making feel as China said it would step in to curb rampant prices, though copper is rallying this morning. Focus also remains on the volatile crypto space after a dramatic day.”

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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