UK stocks rallied on Tuesday after their worst day in two months, as concerns about the tolerance of COVID-19 in the face of a vaccine still stung the markets.
After FTSE 100
fell 2.3% on Monday, its worst single-day performance since May 11, the benchmark index rose 1%.
US stock futures
up on Monday, down on Tuesday.
“Even as market volatility picks up in the second half of July, investors are still struggling with lower summer liquidity and an uncertain macro backdrop. Pierre Veyret, technical analyst at ActivTrades, said that while short-term downside drivers such as rising virus fears and inflation worries are still rocking market sentiment this month, the Today’s strong response to key support levels suggests that the bullish trading stance still exists,” said Pierre Veyret, technical analyst at ActivTrades.
Cinema chain operator Cineworld
was the top performer in the FTSE 250 midcap.
https://www.marketwatch.com/story/ftse-100-rebounds-after-rout-11626772303?rss=1&siteid=rss | FTSE 100 rebounds after laning