Stimulus hopes push FTSE 100 to 10-month high – business live

Discussion in 'Market News' started by Lily, Jul 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Stock markets are rising despite fears that Brexit will hurt the UK economy

    8.03am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    It’s 10 day since Britain voted to leave the European Union. Back then, amid the resignations, recriminations and celebrations, there were fears that the London stock markets might crash.

    Today is almost certainly going to remain about the continued fallout from Brexit as we move into the second full week, further digesting and re-pricing for the new financial, economic and political landscape, the latter being the most entertaining if you are watching the chaos and antics over in Westminster.

    Any more hints from central banks about stimulus could also help keep the ball in the air, helping markets shrug off the Brexit impact and push on with their recoverie

    Related: Brexit live: Boris Johnson says lack of government leave plan led to 'hysteria'

    Maybe the whole thing is one massive piece of performance art.

    The US Independence Day Holiday sees a light economic calendar, with the main highlight coming in the form of UK Construction PMI

    Happy #4thOfJuly! It's the 240th Independence Day from the signing of the Declaration of Independence July 4, 1776.

    Continue reading...

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