London stocks rose in early trade on Monday, with sentiment underpinned by vaccine optimism and the US stimulus package.
At 0830 GMT, the FTSE 100 was up 0.6% at 6,799.09.
Richard Hunter, head of markets at Interactive Investor, said: “Investors continue to anticipate speedy economic recoveries as the powerful forces of accelerating vaccine rollouts and significant financial assistance combine.
“The passage of the $1.9 trillion American Rescue Plan is set to release another boost to a US economy which was already showing some signs of a turnaround. Indeed, the current fear is that the package could actually overheat the economy, and the meeting of the Federal reserve later in the week will need to allay that concern.”
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.