The Financial Times Stock Exchange 100 Index, also known as the FTSE 100 is a share index of the 100 companies which are listed on the London Stock Exchange.
On 4th January, (the very first trading day of 2021), a sharp rise has been seen in The London stock market. The reason behind this rise is the hope about the newly approved corona virus vaccine by Oxford University. The masses are so much hoped that it will lead to economic recovery from the pandemic which has left dire effects throughout 2020.
The rise of almost 3% in The FTSE 100 has been observed on Monday morning. After the development of vaccine by the Oxford University, a rise of more than 150 points has been seen. This is really awesome as the world is now hoping to lessen the results of economic downfall during the past year.
In Europe, Stock markets are rallying as the investors are of the opinion that the government has to impose economic restrictions in order to maintain economic growth. It is an accepted fact that the world has to suffer a lot during Covid-19 infections. FTSE 100 index was also raised in France and Germany
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Economic analysts are of the view that due to the shortage of extensive interference in cross-border economic deals after the Brexit conversion had also sustained international markets. However, at the very beginning of the year, the masses have to face difficult government restrictions and a fast expansion in corona virus infections.
It can be estimated that a great increase in stock market is the result of the hope to overcome the pandemic. So, the economists round the globe are hoping to reborn their economies with new passion and the hope of revival.