An improved session for the FTSE 100 index has given investors some respite after the turbulent trading seen since the discovery of the Omicron variant.
Today’s rally came despite Federal Reserve boss Jerome Powell last night signalling a faster winding down of America's massive bond-buying programme. He also spooked Wall Street by retiring the term “transitory” when describing the inflation outlook.
Hopes that the fallout from the new Covid-19 variant will not be as severe as first feared helped the FTSE 100 index to improve 1%.
The latest Nationwide house prices, meanwhile, showed a return to double-digit percentage growth in November.
