Economics / Markets

The FTSE recovered from its slump this afternoon, closing at 6587.00p after rising 19.6 points, or 0.3%.

The FTSE opened at 6536.5p this morning after falling 30.9 points, or 0.47%, in early trading.

In London, the FTSE 100 continues to perform badly and fell by 28.6 points, or 0.43%, to 6,567.4.

In the UK, the FTSE 100 was down slightly in early morning trading, down 19.1 points, or 0.29%, to 6,576.9.

THE majority of international investors remain bullish about the outlook for global emerging markets, according to S&P.

The FTSE fell for the fourth consecutive day today at 6616.60, a drop of 32.7 points, or 0.49%.

Interest rate sensitive stocks were behind a fall in the FTSE this morning as minutes of the latest MPC meeting revealed policy makers voted five to four to keep rates unchanged.

F&C is to roll out an enhanced cash fund in response to increased investor appetite for higher-yielding cash vehicles.

PROGRESSIVE is set to announce the launch of Advance Frontier Markets Fund Limited.

Trading on the FTSE began and ended in tepid fashion, with the index finishing down 0.9 points, or 0.01%, on 6649.3.