The FTSE 100 reversed its losses from last week’s massive global selloff on Monday as investors hunted for bargains and looked ahead to a slew of economic data in the coming days.
The blue-chip index closed 0.52 per cent higher at 8,210.25, while the mid-cap FTSE 250, which is more closely aligned with the health of the UK economy, gained 0.25 per cent to reach 20,677.19
With today’s gains, the FTSE 100 erased its losses from last Monday, which saw London markets rocked by a global selloff triggered by Japan’s central bank raising interest rates and fears of a recession in the US.
“A sense of calm has resumed across financial markets, helping to reverse the tumultuous trajectory of stocks witnessed over the past week,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
The FTSE 100’s biggest…
