Food delivery firm Deliveroo is due to publish results
(Picture: PA Wire)There was some positive sentiment around the FTSE 100 yesterday, with an upbeat assessment around the outlook for European equities.
The Times has reported that strategists at Goldman Sachs yesterday lifted their 12-month target for the FTSE 100 to 7900 points, from 7600.
On Tuesday London’s blue chip index closed 28.74 points, or 0.4% higher, to 7161.04. Among the top risers was Flutter Entertainment after it said revenue from its betting shops was above pre-pandemic levels.
Michael Hewson, chief market analyst at CMC Markets UK, said: “It was another day of record highs for the Stoxx600 and FTSE250, yesterday, with the FTSE100 also closing at a one month high, as cautious optimism in Europe outweighed concern about rising Delta variant rates in Asia, and to a lesser extent in the US, where infection rates are also rising.”
CMC Markets traders today expect the FTSE 100 to open 9 points higher.
Firms reporting results this morning include Deliveroo, which will reveal first half results and give some indication of whether the takeaway boom, seen at the start of the pandemic, has continued.
