FTSE 100 opens higher as Nvidia rebound boosts markets - Market Report

Proactive - Interviews for investors

The FTSE 100 is continuing to hold higher this morning as confidence returns following a big tech rebound in the US. Overnight, the chipmaker Nvidia surged after a three-day slump, helping push the Nasdaq higher and settling investor nervousness following a potential market wobble. In the UK, AO World, the white goods retailer, saw its profits surge more than 185% after it benefited from a streamlining operation which saw many of its least profitable ventures axed. Two of Britain's oldest investment trusts, Alliance and Witan, unveiled that the two would be merging, giving it a portfolio of £5 billion. In Europe, Volkswagen unveiled a US$5 billion investment into EV maker Rivian as part of a joint venture which will see the German automaker receive technology from the US start-up. Finally, Daniel Kretinsky, the Czech billionaire attempting to buy Royal Mail, has asked workers at the postal service to sell their stakes to him as he looks to make the shareholder approval process easier. #proactiveinvestors #marketreport #ftse #ftse100 #footsie #nasdaq #nvidia #alliancewitan #volkswagen #rivian #danielkretinsky #royalmail #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews