FTSE 100 rises ahead of tight US election

Stockmarket Stock FTSE 450

The FTSE 100 has risen on Tuesday despite traders being cautious ahead of the US election.

The blue-chip index rose 0.8 per cent to stand at 5884.90, boosted by strong earnings reports from the likes of Marks & Spencer.

Resolution has made the biggest gain in the index, having seen shares rise 7 per cent. The rise came on the back of the news that broker Bank of America Merrill Lynch has lifted its rating on the brand from “neutral” to “buy” citing its strong dividend yield.

Evraz and Lloyds Banking Group also made strong gains with their shares rising 5.6 and 4.8 per cent, respectively.

In Europe, the French Cac 40 and the German Dax rose 0.9 and 0.7 per cent, respectively, while the FTSEurofirst 300 rose 0.4 per cent. In the US, the Dow Jones rose 1.1 per cent in early trades.