UK equities follow Wall Street higher

UK stocks have opened strongly today, following Wall Street higher. The US stock-market was open on Monday and equities rallied on the back of strong economic data.

UK equities follow Wall Street higher

UK stocks have opened strongly today, following Wall Street higher. The US stock-market was open on Monday and equities rallied on the back of strong economic data, namely non-farm payroll numbers and US non-manufacturing PMI data, both of which came in much better than expected.

In Europe today, Swiss bank Credit Suisse has announced major staff departures after taking a $4.7 billion hit related to hedge fund Archegos Capital Management.

 

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