FTSE 100 jumps 1pc in bullish start to the new year

Happy New Calendar year!

There’s no indicator of the January blues on the markets this morning, with the FTSE 100 poised to make powerful gains in its 1st day of buying and selling in 2022.

Futures tracking the blue-chip index have risen just less than 1pc as traders take a bullish view of recovery hopes regardless of the continued unfold of the omicron variant.

It follows record highs reached on Wall Avenue on Monday, while Asian shares have also produced a positive start to the yr.

five matters to start your day 

1) Ballooning £40.5bn trade deficit with China raises fears of British dependency Lockdown surge in demand for electronics allows travel imbalance greater

two) ‘Unconscious bias instruction is a fad that won’t work’ Meet up with the Aged Etonian supporting providers navigate the chaos of post-Covid lifestyle

3) Creditors take heed – this is the yr of the major squeeze Debt is to outline 2022 and will check not only battling family members strike by substantial costs, but the lofty promises of the buy now, pay back later firms

four) Firms ‘hang on by their fingernails’ as Covid financial loans drop thanks Battered by omicron and Prepare B constraints, providers now deal with the problem of shelling out again what they borrowed to get by means of the crisis

five) Traders guess £3.5bn versus pound following omicron surge Fears are growing that Covid variant will keep again financial state amid increasing inflation

What transpired overnight 

Asian stocks were mostly on the front foot on Tuesday following Wall Street’s record highs on its 1st buying and selling day of 2022, regardless of anxieties that the widespread omicron Covid-19 variant could put the brakes on world-wide financial recovery.

Europe and US also look poised to open up but all over again with FTSE futures gaining .98pc and futures for the S&P five hundred index .2pc higher.

Australia’s S&P/ASX two hundred shut 2pc higher with its metals and mining stocks hitting a 4-month peak. Japan’s Nikkei 225 also widened morning gains to increase 1.8pc. MSCI’s gauge of Asia Pacific stocks outside Japan superior .4pc.

Coming up today

  • Company: No scheduled updates
  • Economics: BRC store price index, remaining production PMI, home loan approvals and shopper credit (Uk) production PMI (China) unemployment (Germany) career openings (US)