Ftse 100 Gains On Improved Risk

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Ftse 100 Gains On Improved Risk

Ftse 100 Gains 0.5% On Improved Risk Appetite

rebound was witnessed in most of the UK stocks on Monday as the geopolitical situation in the USA has changed drastically. Additionally, a bunch of data from the UK and USA also led to a rebound in the UK stocks.

The FTSE 100, which represents the blue-chip stocks, gained 0.5%, while the FTSE 250 (mid-cap stocks) gained 0.3% on Monday. The overall sentiment is mostly positive amid an improvement in the investor's risk appetite.

Rentokil Up By 12.3% On Monday

The most notable stock was Rentokil, which gained 12.3% during a single trading day and became the top-performing stock on the FTSE 100 for today. The Rentokil delivered these gains on the news that the former chief of BT is working on a plan to take over the firm.

During Monday's session, the industrial support services sector was up by 2.6%, along with most of the other sub-sectors as well.

Meanwhile, a 1% decline was seen in the stocks from the travel and leisure sector. The most notable was 'Wizz Air and IAG Group,' which declined by 3-5% during the day on missed profit estimates.

In the USA, the Nasdaq and the S&P 500 futures edged higher after the news that Joe Biden will not be participating in the elections.

Now, the attention has shifted to inflation and the GDP data from the USA. These data releases which will provide fresh impetus on how the Fed will adjust its monetary policy.

Additionally, corporate earnings from both the UK and the US markets are also due to big names such as Tesla, Alphabet, and so on.

Another big name from the UK stock market is Ocado (OCDO), which has gained 6.3% during the day on positive news related to orders for automated technologies.

Hammerson, another name from the FTSE, gained 6.5% during the day on the news that it will be disposing of its interest to Silver Bidco Limited for a value of $1.94 billion.

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