Rolling coverage of the latest economic and financial news, as UK’s blue-chip index heads for seventh day of gains in a row
Rising economic optimism is helping to lift shares in London this morning.
The FTSE 100 index of blue-chip shares is on track for its best run in over two years.
“Given all the drama around the sector in recent weeks it felt important that the big American banks which reported last Friday beat market expectations.
While corporate announcements from the US are likely to continue to grab the headlines, a lot of the spotlight in macroeconomic terms is likely to be drawn by China with a raft of data set to be published imminently. For a FTSE 100 index teeming with resources stocks, this could have a big bearing given China is such a rapacious consumer of commodities.
