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FTSE 100 lifts on the opening and we explain why
We noted earlier how the FTSE 100 was the weakest of the major European stock market indexes in relative terms yesterday. The index closed 27.57 points higher at 10,722.07. Well, it has just reopened for the final session of the month and it is no surprise to see it pushing higher in opening trade. The reasons for that are because UK yields are still under a degree of pressure and oil prices are higher.
Couple that with the slide in tech and it seems obvious that would deliver at least some rotation back to the tech bereft FTSE 100. So, all those added together have helped the FTSE outperform in early trading. At the same time the DAX is falling back now and that is something of a drag for the time being on the FTSE 100. The index is right now any 10,755
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