The FTSE 100 opened higher on Monday morning on news that Donald Trump’s health was improving.
The FTSE 100 opened 1.2% on opening whilst the FTSE 250 rose 0.62%, despite Cineworld shares plummeting 57%.
News that the US President’s health was improving led to the blue-chip index to climb on Monday, easing the global uncertainty as the news of his illness broke.
Connor Campbell from Spreadex commented: “Regardless of its accuracy, word that Donald Trump is ‘improving’, and could be back in the White House this Monday, allowed the markets to rebound as the session got underway.
“It’s hard to ascertain what state the President is actually in, given his history of misinformation and obfuscation on every topic, but especially his own health. Nevertheless, another video message on Sunday afternoon, and an irresponsible drive-by appearance to wave at MAGA fans outside the Walter Reed medical center, seems to have backed-up the shaky idea that Trump is doing better.
“It was how investors took it, at least, with Europe uniform in its green open. The FTSE climbed back across 5900, and neared 5950, as it jumped 0.8%, with the DAX edging towards 12750 with a 0.6% increase, and the CAC a touch below 4850 following a 0.7% rise,” he added.
In Asia, Japan’s Nikkei 225 grew 1.23%. Hong Kong’s Hang Seng index increased by 1.45%.