Economics / Markets

The FTSE100 has just risen over the 6,000 mark, up 31.80 at 6012.20, despite a poor showing from financials in early trading.

A positive opening on the FTSE failed to see out the day, with the index slipping 65.8 points, or 1.09%, to 5,980 at the close of play.

HBOS has shot to the top of the FTSE winner's table after Goldman Sachs reportedly said it was the only bank whose shares were worth buying in the current climate.

A strong opening surge on Wall Street propelled an already buoyant FTSE 100 this afternoon, closing 139.30 points (2.36%) higher to 6046.20.

Financials are thriving in London this morning with a strong mining sector closely following to drive the FTSE 100 51.80 points (0.88%) ahead to 5958.70.

In London, shares made gains after successful results were announced by Tesco, putting the FTSE 100 up 71.1 points (1.22%) to 5,902.7.

In London, markets rose in early trading to wipe out much of yesterday's losses and the FTSE 100 added 55.1 points (0.94%) to 5,886.7.

Global recession fears continued to drag on the markets this afternoon as the FTSE fell 57.7 points, or 0.98%, to 5837.8 and the Dow Jones fell 12.86 points, or 0.1%, to 12312.56.

The FTSE fell 54 points, or 0.92%, to 5841.5 this morning following the Dow Jones' 256.56 point, or 2.04% drop to 12325.42 as global recession fears worsen.

Despite rising above 6,000 this morning, the FTSE100 had a disappointing end to the week closing down 69.60 at 5895.50.