FTSE 100 rose 148 points to 10,452 as risk sentiment improved, while Brent crude futures fell 2%. The UK economy contracted 0.1% in April, a modestly negative data point, but housebuilders showed a strong recovery, helping offset the growth disappointment. Overall the piece points to a mixed market backdrop with support from equities and housing but pressure from weaker macro data and lower oil prices.
FTSE 100 rose 148 points to 10,452 as risk sentiment improved, while Brent crude futures fell 2%. The UK economy contracted 0.1% in April, a modestly negative data point, but housebuilders showed a strong recovery, helping offset the growth disappointment. Overall the piece points to a mixed market backdrop with support from equities and housing but pressure from weaker macro data and lower oil prices.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
