Britain’s new finance minister, Jeremy Hunt, made big financial announcements on Monday.
House of Commons – PA Images / Contributor / Getty Images
LONDON – European markets rallied as the region feels the impact of the UK’s financial shifts on Monday and anticipates fresh action from the European Union to tackle energy prices. The Stoxx 600 was up 0.4%.
Most major sectors and stock exchanges had gains at 11.00 am London time, with leading autos up 2.2%, followed by technology and financial services by 1.4%.
Essential resources, healthcare, and oil and gas slipped into the red, with losses of less than 1%.
The British pound rose and bond yields fell after the new Finance Minister Jeremy Hunt He canceled most of Prime Minister Liz Truss’s fiscal policies In an announcement on Monday. Sterling fell 0.7% to $1.1353 at 11:00 am
Truss has apologized for the “mistakes” she made in her first six weeks in office.
US stock futures rose Tuesday morning after Nasdaq Composite It posted its best daily performance since July. Futures related to the Dow Jones Industrial Average gained 373 points, or 1.23%. S&P 500 futures jumped 1.46% and Nasdaq 100 futures rose 1.7%.
Stocks in the Asia Pacific It traded higher on Tuesday after Wall Street rose overnight. Australia S & P / ASX 200 Gain 1.68% to lead gains in the region Nikkei 225 It was up 1.38%, while Topix added 1.11%.
“Extreme travel lover. Bacon fanatic. Troublemaker. Introvert. Passionate music fanatic.”
More Stories
Microsoft unveils a $2.2 billion investment in Malaysia focused on artificial intelligence and the cloud | technology
Qualcomm offers strong forecasts in reference to smartphone recovery
A Utah cat with a love for cardboard makes a surprise trip to California in an Amazon box