The UK economy will grow more than expected in 2021 and will regain its pre-crisis peak earlier than predicted, according to one of the country's most prominent forecasters.
UK consumer confidence jumped by the highest margin in at least 10 years in the first quarter of 2021 as lockdown eased and vaccinations progressed, a survey showed.
The market spotlight over the coming week will be on the Federal Reserve as central bankers in the US meet to decide on policy on Wednesday.
European markets finished the Friday session slightly lower, but well off their worst levels, with investors shaking off news of looming tax hikes in the States, even as they kept a wary eye on the Covid-19 surge in India.
London stocks managed to finish just above the waterline on Friday, after a turbulent session, with investors rifling through a raft of positive economic data out of the UK.
The FTSE 100 ended the week down 80. 97 points, closing on Friday at 6,938. 56.
Analysts at Berenberg reiterated their 'sell' rating on fast-food chain Domino's Pizza on Friday, stating that its concerns regarding the stock remained unabated following the group's full-year results and first-quarter update.
Agricultural biological products company Plant Health Care said cash used in operations reduced to $2. 5m (£1. 8m) in its final results on Friday, from $4. 4m in the prior year.
Clinical diagnostics specialist Novacyt updated the market on the progress of its near-term Covid-19 research and development programmes on Friday, addressing “rapidly-evolving” testing demands, particularly as SARS-CoV-2 continued to mutate globally.
Wishbone Gold announced on Friday that a programme of works has been formally submitted by its consultants Terra Search to the Western Australian Government's Department of Mines, Industry Regulation and Safety (DMIRS), for the Red Setter project on the Patersons Range.
India reported the world's highest daily tally of coronavirus infections for a second day on Friday, surpassing 330,000 new cases in 24 hours.
Activity in US manufacturing and services accelerated at its fastest pace on record in April, according to two surveys.
Wall Street stocks were in the green on Friday after concerns about an increase in capital gains taxes prompted a market-wide sell-off yesterday.
The Labour party has announced a £30bn plan to revive UK manufacturing and create 400,000 clean jobs.
GB Group: Canaccord reiterates hold with a target price of 900p.
New home sales in the States rocketed last month.
European markets remained muted on Friday as investors kept a wary eye on the Covid-19 surge in India and reports of broader US tax rises, despite positive manufacturing surveys in the Euro zone.
America's President is set to lay out plans to nearly double US taxes on capital gains to 39. 6%.
Wall Street futures were slightly higher ahead of the bell on Friday after concerns about an increase in capital gains taxes prompted a market-wide sell-off yesterday.
Stocks are holding lower at the end of the week despite very positive news out on the UK economy, after Bloomberg reported that Democrats on Capitol Hill want to double the US capital gains tax to nearly 39. 6%.
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