RE: Sence all kinds of emotions here this first 15 mins1 Apr 2021 14:00
"It seems investors are very much of the mind that it is still worth backing companies that will benefit from the reopening of the global economy, despite the negative backdrop of France closing schools in its third lockdown and Brazil still struggling to get Covid under control," said Russ Mould, investment director at AJ Bell.
International Consolidated Airlines, which owns British Airways, rose 4.3%, while easyJet gained 3.8% and Ryanair 3.2%. Cineworld, another reopening play, rose 4.1%.
"In backing these companies, investors are effectively looking past any short-term noise and potential setbacks to getting the pandemic under control, and instead looking well into the future and taking the view that earnings will not just start to recover in 2021 but also keep improving thereafter," said Mould.