The FTSE, somewhat playing catch-up after Monday’s Bank Holiday, jumped 0.6% after the bell, striking 7625 for the first time in nearly a fortnight. The miners played a key role in driving the UK index higher, having been something of a pest for the FTSE in recent weeks, with added gains in the banking sector.
A lack of movement from the pound likely aided the FTSE’s Tuesday rise. Cable sat flat the wrong side of $1.29, while against the euro sterling slipped 0.1%, the currency pinned back by Theresa May’s remarkably chilled approach to a ‘no deal’ Brexit, with the PMI stating that such an outcome ‘wouldn’t be the end of the world’.
The Eurozone indices weren’t quite as enthusiastic as their UK peer on Tuesday, having climbed a fair amount on Monday. The DAX added another 30 or so points, and, a smidge shy of 12600 is sitting at its best price for 18 days; the CAC, meanwhile, started fairly flat, but is nevertheless knocking on the door of 5500.