City traders are back at their desks in upbeat mood after the FTSE 100 index surged more than 1% in the first session of the year.
Hopes that the Omicron variant will not derail the global economic recovery meant shares in British Airways owner IAG jumped 10% and oil giant BP rallied 4% as the FTSE 100 index built on the 22-month high seen in the last trading session of 2021.
Wall Street markets set new records last night, with iPhone giant Apple the first US company to be valued at more than $3 trillion. Tesla shares also jumped 13.5% after it reported better-than-expected delivery figures for the fourth quarter.
