It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Europe close: Stocks head into weekend with gains on recovery hopes

Fri 26 March 2021 17:42 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7004.63 | Positive 56.64 (0.82%)

Prices delayed by at least 15 minutes

(Sharecast News) - European shares held onto their moderate gains on Friday, driven by hopes of a strong US recovery from the coronavirus pandemic and positive UK retail sales data.

The pan-European Stoxx 600 index was up 0.91% to 426.93, alongside a 0.87% advance to 14,748.94 for the German Dax while Spain's Ibex 35 bounced back 1.05% to reach 8,498.2.

"Global markets are finishing the week on a stronger note overall, having started to rebound yesterday on Wall Street, a move that carried over into the Asian session and then on to Europe," said IG chief market analyst Chris Beauchamp.

"Wall Street has continued the run, although the looming end of the month and quarter will mean that is hard to derive a firm conclusion on the direction of risk appetite."

Stoking investor optimism was the Biden administration's new goal, announced the day before, of administering 200.0m doses in its first 100 days in office, a target that seemed readily achievable, and hopes that a jobs rebound was already under way.

In equity news, shares in UK insurer Aviva rose after the company sold its Polish unit to Allianz for €2.4bn. Allianz shares were also higher.

Smiths Group gained after it increased its interim dividend and said it was confident about meeting expectations for annual results as profit fell in the first half.

London-listed copper miner Kaz Minerals rose 2.9% after it received a final bid worth £4.02bn from Nova Resources.

Miners rose on higher metals prices while oil giants Shell and BP were on the rise as oil prices pushed up on concerns that a ship blocking the Suez Canal could squeeze crude supplies.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.