Stocks rise as investors eye US politics

London equity markets rose in early trade on Wednesday, with oil stocks lending support, as investors bet on a Democratic win in a US Senate run-off election in Georgia. At 0900 GMT, the FTSE 100 was up 0.9% at 6,668.98.

Spreadex analyst Connor Campbell said: “With Saudi Arabia agreeing to a cut in output, oil was able to strike an 11-month high, prompting some rather larger gains for BP, up 4.4%, and Shell, rising 2.5%. And when those giants are in a good mood it tends to bode well for the FTSE – the UK index rose close to 1%, returning to the 10-month peak it fell from on Monday following the announcement of Lockdown 3.0.

“It seems that investors have fully moved past Boris Johnson’s latest restrictions, even if they are the most severe since the initial lockdown in March 2020. Overfamiliarity tends to breed apathy in the markets, and that is just as true of covid-19 headlines – which are more alarming now than they have been at any point in the pandemic – as it is of lockdowns. That and it appears the pull of the New Year’s vaccine hopes are stronger than any concerns over the economic impact of these fresh measures.”

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin

More articles like this

London stocks edge higher

London stocks edged higher in early trade on Tuesday despite the release of uninspiring UK jobs data and further weakness in the travel and leisure sector. At 0900 GMT, the FTSE was up 0.4% at 6,666.48. Spreadex analyst Connor

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%

River And Mercantile CEO ups stake

River And Mercantile Group revealed on Friday that chief executive James Barham had acquired 10,000 ordinary shares in the London-listed management consulting company.Barham, who took over as CEO in July 2019, purchased the shares on Thursday at an

Stocks higher as investors hold breath for Biden’s package

London stocks finished in the green on Thursday as investors waded through a deluge of corporate releases, amid expectations that US President-elect Joe Biden will unveil a Covid-19 relief package. The FTSE 100 was up 0.84% at 6,801.96 and the FTSE250 was

Central Asia Metals executive reduces stake

Central Asia Metals executive Robert Cathery and people closely associated with him sold stock in the Kazhakstan and Northern Macedonia-focused copper, zinc and lead producer. Cathery sold 325,000 shares at an average price of roughly 250.0p apiece on

Stocks edge up despite Capitol Hill chaos

London stocks edged higher in early trade on Thursday despite the chaos on Capitol Hill overnight, with hopes of further US stimulus continuing to underpin sentiment. At 0835 GMT, the FTSE 100 was up 0.3% at 6,858.65. Spreadex analyst

Asset Match partners with Jarvis Investment Management

Asset Match is pleased to announce a new partnership with Jarvis Investment Management (Jarvis) who will be replacing The Share Centre as our preferred broker for auctions. The Share Centre was recently acquired by interactive investor and will

Stocks rally amid Brexit hopes

London stocks racked up healthy gains in early trade on Wednesday, with sentiment underpinned by Brexit hopes and US stimulus progress. The FTSE 100 was 1.2% higher at 6,589.57, while the pound was up 0.3% against the dollar