Resurgent FTSE 100 Kicks Off 2021 With Best Ever Start to a Year
- U.K. gauge on track for biggest 3-day gain at year’s beginning
- Brexit deal and bets of a reflation trade boost unloved shares
Photographer: Simon Dawson/Bloomberg
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After long being the pariahs of the stock market, U.K. blue chips are turning in their best start to a year on record.
The FTSE 100 Index has risen as much as 5.7% in the first three sessions of 2021, on track to surpass the previous record set in 2009. This time around, the benchmark is getting a boost from investors piling into economically sensitive sectors as U.S. Democrats closed in on control of the Senate, while a Brexit deal has ended a long period of uncertainty for the unloved shares.