Economics / Markets

An early surge on Wall Street allowed the FTSE to break into positive territory this afternoon, closing Wednesday up 7.40 points (0.13%) to 5875.40.

The FTSE 100 is remarkably steady this morning despite a overnight global sell-off, currently 9.90 points lower (0.17%) to 5858.10.

In London, markets fell considerably by the end of trading with house builders weighing down the market and the FTSE 100 lost 158.2 points (2.63%) to 5,868.

In London, markets fell as homebuilders and financial companies continued to suffer from fears over the housing market and the FTSE 100 was down 26.2 points (0.43%) to 6000.

The FTSE fell 8.5 points, or 0.14%, to 6020.7p this afternoon as fears over Carphone Warehouse Group' s share of the mobile phone market kept it at the top of the losers list.

The FTSE fell 8.1 points, or 0.13%, to 6021.1p this morning as Carphone Warehouse Group dropped 13.25 points, or 3.9%, to 326.25p. The group rose last Thursday following rumours of a bid from US electronics business Best Buy.

The FTSE 100 threatening to break through the 6000 barrier again as investors clamour to the fashionable mining sector this morning, the index is 1.55% ahead to 5970.70.

The FTSE rose 42.5 points, or 0.73%, to 5879.8p this afternoon following rumours of a Carphone Warhouse bid from US electronics business Best Buy.

London closed Wednesday lower as a downbeat Wall Street struck blue chips in late trading. The FTSE 100 index finished the session 47.90 points lower (0.81%) to 5837.30.

The FTSE 100 has only the mining sector to thank for the 96.30 point (1.66%) gain this afternoon, closing Tuesday on 5885.20.