Economics / Markets

The FTSE rose 0.44%, or 27.9 points, this afternoon to 6392.1p as continuing reports the Government might nationalise Northern Rock lifted the troubled bank's stocks.

ALMOST all US investment managers remain cautious on the outlook for the US economy and the dollar regardless of their investment style, market cap bias or investment horizon, according to Standard & Poor's (S&P).

In London, markets rose in early trading after major losses were experienced yesterday, with the FTSE 100 rising 33 points (0.52%) to 6,397.2.

HBOS continues to slide after saying it wrote down £180m on securities trading this week, and has helped pull the FTSE down 87.7 points, or 1.34%, to 6,472.10.

Today's plan by global central banks to help ease the liquidity crisis led to an afternoon spark for the FTSE 100.

The FTSE 100 has opened nervously this morning, no doubt in reaction to the strong losses incurred on Wall Street overnight due to the Federal Reserve interest rate cut.

In London, shares fell as investors remained cautious over the Fed's interest rate decision, and the FTSE 100 closed down 28.5 points (0.43%) to 6,536.9.

In London, markets fell slightly as several trading updates came to light and many investors awaited the US Fed's interest rate decision, putting the FTSE 100 down 8.1 points (0.12%) to 6,557.3.

The FTSE rose 0.16%, or 10.5 points, to 6565.4c today as last week's interest rate cut led builders up the exchange.

The FTSE fell 0.29%, or 18.8 points, this morning to 6536.1p as high street banks dropped.