FTSE 100 leaps after holiday break
On Tuesday, British stocks grew, with few blue-chip stocks getting lower, as market participants got back from a holiday break.
The FTSE 100 demonstrated a 0.8% soar at 6,153.78, and only the basic materials dared to lose ground. The Randgold Resources PLC lost 2%, while the BHP Billiton PLC, an iron ore heavyweight closed -1.8%.
Trading was unavailable on Monday and Friday due to the Easter holiday. On Thursday, the FTSE 100 sagged 1.5% amid descending commodity shares.
However, on Tuesday, the index was driven by revenues for insurers. For instance, RSA Insurance Group PLC and Prudential PLC soared 2.4% and 2.6% respectively. Furthermore, insurance and investment company Old Mutual Group PLC managed to gain up 2.5%.
AstraZeneca PLC stocks went up 0.8%, when the pharma announced its Tagrisso drug for lung cancer patients has been officially approved in Japan.
Now market participants keep an eye open on Janet Yellen, the Fed’s chief, who is expected to speak after trading closes in the European Union.
Recent remarks made by the Fed’s representatives powered speculation that the major bank could increase interest rates during its upcoming gathering in April.