National Express jumps as revenue bounces back to 2019 levels
AB Foods falls as Primark to raise prices
FTSE 100 up 0.6, FTSE 250 adds 0.4
April 26 Reuters London39;s FTSE 100 climbed on Tuesday after a threeday selloff, as shares of miners and homebuilders rose, while HSBC Holdings and Associated British Foods slid following earnings updates.
The bluechip index added 0.6 after closing at its lowest since March 18 on Monday. Glencore led gains among miners with its 1.9 rise after Barclays raised the stock39;s price target.
Taylor Wimpey jumped 3.2 as the country39;s thirdlargest housebuilder projected sustained demand in an undersupplied market. The wider homebuilders index was up 1.6.
However, gains were capped overall on global growth fears stoked by China39;s strict COVID19 curbs and an expected streak of aggressive policy tightening by central banks. GLOBMKTS
The market is trying to find its footing and trying to price what39;s happening in China, said Sebastien Galy, a senior macro strategist at Nordea Asset Management.
What you probably can say is it39;s indeed a buy on dip but it is done without any sense of certainty … and especially European equities are quite cheap.
Defensive names AstraZeneca, Unilever, British American Tobacco and Diageo gained between 1 and 1.6, providing the biggest boost to the FTSE 100 index.
The domestically focused midcap FTSE 250 index advanced 0.4, powered by a 7.6 jump in shares of National Express Group after the…