What happened yesterday?
London stocks eked out a positive finish on Tuesday, as fresh data revealed an increase in house price growth, and mortgage approvals beating expectations.
The FTSE 100 was 0.21% firmer at 7,087.55, while the FTSE 250 closed the session up 0.04% at 22,542.17. Sterling, on the other hand, ended in the red, last trading 0.27% lower against the dollar at $1.3846, and losing 0.1% from the euro at €1.1630.
In the US, Wall Street stocks ended in the green on Tuesday after the Conference Board’s consumer confidence index surged to its highest level since the beginning of Covid-19 and the likes of Wells Fargo, Bank of America, Goldman Sachs and JP Morgan increased their dividends.
The Dow Jones Industrial Average and S&P 500 were both up 0.03% at 34,929.29 and 4,291.80, while the Nasdaq Composite rallied, up by 0.19% at 14,528.33.
In company news:
Declan Kelly, chair and chief executive of Teneo, the global communications company, tendered his resignation days after allegations emerged of drunken misconduct at a fundraising event.
Didi, China’s ride hailing app, announced plans for a New York Exchange listing. The company aims to raise $2.9bn at a valuation of $64.7bn.
Uber staff will now be able to work half of their hours from wherever they want as part of the company’s revamped back-to-office strategy.