Risk-on mood pushes the FTSE 0.74% higher

Published: May 26 2023, 21:50 GMT+0

Risk-on mood pushes the FTSE 0.74% higher

Today at a glance: with a daily low of 7,557, FTSE closed today at 7,627.2, after ending yesterday at 7,571 and gaining 56.2 points (0.74%).

Uptick comes while some more positive signs for the FTSE are out as United Kingdom Retail Sales beat the 0.4% projections, with 0.5%.

Meanwhile, United Kingdom CFTC GBP speculative net positions released today at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. United Kingdom Core Retail Sales beat the 0.3% projections, with 0.8%.

Other markets are also showing gains as notably, Nasdaq rose 2.19% today and closed at 12,700. S&P 500 is trading around 4,205.45 after ending today's session at 4,151.28 (up 1.3% today).

At the same time, Hang Seng dips 1.93% today and closed at 19,100.

The index has been trending lower for about a month. Approximately 3 months ago, the FTSE reached a significant high of 8,012.53 but has struggled to hold onto its gains and declined 5.51% since then.