Markets are in a more positive mood on Monday after US jobs numbers left a sour taste last week.
The FTSE 100 has added 0.56% to reach 7,179 points while Asian stock markets are also up.
Going back to the US, the Fed has “consistently reiterated that its decision making will be heavily led by the unemployment situation and therefore a weakening in the labour market could see it hold off on tapering its support for the economy for a bit longer,” according to Russ Mould.
The jobs figures served as a reminder of the precariousness of the ongoing recovery, while the Delta variant continues to thrive.
“Apart from those issues, you can practically feel the tumbleweed brushing past you this morning with US markets closed for Labor Day, relatively few big economic announcements and hardly any corporate news of note,” said Mould.
FTSE 100 Top Movers
ITV (2.54%), Burberry (1.85%) and JD Sports (1.77%) are leading way atop the FTSE 100 on Monday.
At the other end of the UK index, British Land (-0.48%), Rio Tinto (-0.33%) and Smith and Nephew (-0.32%), have given away the most gains.