FTSE 100 jumps, Wall St at record highs, Coinbase higher as ARK invests



© Reuters.

Key Points

  • closing price of 6,986.00, +0.7%
  • GSK jumps after Elliott Management takes stake
  • Deliveroo (LON:) fails to deliver after first trading update as public company
  • GBP flat as FX markets trade in narrow ranges
  • Bitcoin steady above $62,000

By Samuel Indyk

Investing.com – The FTSE 100 closed higher on Thursday as equity markets in Europe and the US benefitted from strong US data. rose 9.8%, above the expected 5.9% rise, as consumers that were given as part of Biden’s pandemic aid package.

In individual stocks news, GlaxoSmithKline (LON:) shares surged to the top of the blue-chip index after the had taken a multibillion pound stake in the company.

Deliveroo shares fell 4% after the company provided its first trading update since becoming a public company. The food-delivery service saw its in the first quarter with gross transaction value up 130% to £1.65bln. However, the company was cautious about their outlook as restrictions related to Covid begin to ease.

“We are mindful of the uncertain impact of the lifting of COVID-19 restrictions,” Deliveroo CEO Shu said.

Over in the US, shares in solid-state battery developer Quantumscape (NYSE:) fell over 8% after a alleged that the company’s claims about their technology are “misleading, grossly exaggerated, or fraudulent”.

FX markets were largely quiet with the marginally softer. traded in a narrow 37 pip range and found resistance ahead of the key 1.20 level. was also rangebound as markets await the next big catalyst for a move in FX markets.

and futures were relatively flat too, but jumped after the EIA reported a smaller than expected storage build.

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pulled back marginally from the record highs seen this week but was still holding firm above $62,000. Shares in cryptocurrency exchange Coinbase (NASDAQ:) were trading higher for a second day after announced they had bought almost $250mln worth of shares on the opening day.  

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