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‘Santa rally’ sees FTSE 100 hit 22-month high on Omicron optimism
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The UK’s benchmark stock market index hit a 22-month high on Friday, coming within touching distance of the levels seen in February 2020 just before stock markets around the world were sent into a tailspin by the first European lockdown.
The FTSE 100 hit an intra-day high of 7,403.65 points – surpassing the previous post-lockdown high that it hit last month – before slipping back one point to close at a Christmas Eve loss.
Traders on the London Stock Exchange downed tools at 12:30pm on Friday to mark Christmas Eve, while exchanges across much of Europe were closed.
Markets have been boosted in recent days by data suggesting that the latest variant of concern, Omicron, is not as severe as previously thought. British Airways owner International
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