Economics / Markets

The FTSE rose 97 points, or 1.65%, to 5985.5p this morning as Alliance & Leicester led gains.

The FTSE 100 closed the week down 43 at 5,888 despite a rally by the banking sector which responded well to Lloyds TSB's results.

The FTSE 100 fell 47.70 or 0.80% this morning as disappointing news from Lloyds TSB failed to boost the index.

ANDREW Milligan, head of global strategy at Standard Life Investments, anticipates a dollar recovery, disputing fears for the US current account deficit.

The FTSE rose 33.8 points, or 0.57%, to 5927.4p this afternoon as publisher Reed Elsevier said it would buy data provider ChoicePoint for £2bn. The publisher rose 44 points, or 7.53%, to 628p.

THERE is an increasing risk that China will 'export' inflation to the rest of the world, according to analysts.

The FTSE 100 has opened strongly this morning as it looks to correct Wednesday's losses, currently 52 points up (0.88%) to 5945.60.

A late Alliance & Leicester-led rally for the FTSE 100 saved the index from a more significant fall this afternoon, finally closing down 73.30 points (1.23%) to 5893.60.

SKANDIA Investment Group (SIG) plans to launch a European Best Ideas fund, building on its existing suite of innovative Best Ideas funds.

GLOBAL markets are yet to experience the "capitulation necessary" to signal the bottom of the cycle, Threadneedle has warned.