There was an upturn in equity markets across Europe on the first day in September. The FTSE 100 is up by 0.94% to 7,187, while in France the CAC 40 added 1%, and in Spain the IBEX 35 grew by 1.6%.
“Summer holidays are over; children are returning to school and we’re now only weeks away from the start of autumn. This shift in mindset also applies to investors as they sharpen their focus on market opportunities in the final section of the year,” says Russ Mould, investment director at AJ Bell.
“On the UK market, mining was the only sector to struggle after metal prices took a hit. Investors instead showed more interest in the oil and gas sector where commodities prices were stronger,” Mould added.
FTSE 100 Top Movers
Just Eat (2.97%), Informalities (2.94%) and JD Sports (2.92%) are leading the way on the FTSE 100 on Wednesday morning.
At the other end, miners Fresnillo (-1.55%), Antofagsta (-1.34%) and Rio Tinto (-1.09%), have seen the sharpest falls in the values of their shares.