FTSE 100 jumps as banks take lead

16-04-2009

FTSE 100 jumps as banks take lead
The FTSE 100 was up in early trading as banks saw gains, but an early peak slid as traders their teeth into the day.

At 8:23 BST, the index was up 10.68 points – or 0.27 per cent – to 3,979.08, after initially rising a hair's breadth below 4,000 as hope the US recession may now be easing grew.

However, GDP data from China – showing the slowest growth rate on record for the first quarter of 2009 for the nation – kept a lid on optimism.

Lloyds Banking took the largest gains – up 5.47 per cent to 88.70p – while Barclays rose 5.06 per cent and Royal Bank of Scotland edged up 4.33 per cent to 28.90p.

Miners Fresnillo and Kazakhmys gained 3.25 per cent and 3.13 per cent respectively.

International distributor Bunzl was down 7.95 per cent – as the firm saw a fall in sales, despite revenue rising on currency shifts.

Experian fell 4.07 per cent, property group Liberty International dropped 3.01 per cent and miner Anglo American was down 2.50 per cent.

Last night in New York, the Dow Jones recorded a late rally pushing the index up 1.38 per cent to 8,029.62, while Chicago's S&P 500 climbed 1.25 per cent.

In Asia, the Nikkei was up 0.10 per cent.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure