Economics / Markets

A late afternoon rally drove the FTSE 100 into the black today, closing 42.6 points up, or 0.68%, to 6313.3.

The FTSE was recovering slowly but surely on a busy morning following a disappointing Wednesday and has climbed up 38p, or 0.61%, to 6308.8.

DESPITE market volatility, the outlook for global emerging markets remains positive, according to Scottish Widows Investment Partnership (SWIP).

Plummeting stocks across the Atlantic caused the FTSE 100 to slide in the late afternoon, finally closing 102.5 points down, or 1.61%, to 6274.3.

The London markets are slightly ahead this morning after Wall Street crept higher overnight, with the FTSE 100 currently 2.7 points up, or 0.04%, to 6379.5.

In London, markets recovered from an earlier downturn and the FTSE 100 closed up 61.6 points, or 0.98%, to 6,376.8.

In London, markets fell slightly in early trading due to unease over US economic data, due to be released next week. The FTSE 100 was down 17.8 points, or 0.28%, to 6,297.4.

The FTSE closed at 6315.2p this afternoon after climbing 11.9 points, or 0.19%.

The FTSE opened at 6321.2p this morning after climbing 17.9 points, or 0.28%.

SCHRODERS has launched a Middle East fund, offering exposure to some of the world's fastest growing economies.