Economics / Markets

A global strategist at JP Morgan Asset Management has fought the corner for Turkey over its membership of the EU.

FOREIGN investors now own around a quarter of Japan's equity market compared to just 5pc at the beginning of the 1990s.

THE recent interest rate hike came as no surprise to economists and fund managers but has fuelled debate over the likelihood of further rises.

The FTSE 100 Index fell 7.60 points, or 0.1%, to 6,187 points today following a poor start on Wall Street.

The FTSE 100 Index has added 21.4 points, or 0.4%, to 6215.6 in early trading, led by Vodafone, Anglo American, and BHP Billiton.

The FTSE 100 Index fell 14.20 points, or 0.23%, to 6,194 points today, led by a poor performance from the mining sector.

The FTSE 100 index is up this morning, rising 22 points or 0.36% to 6,230 led by a flurry of potential takeovers in the energy, finance and media sectors.

The FTSE 100 Index fell 23 points, or 0.4%, to 6,208 points today, led by drug companies GlaxoSmithKline and AstraZeneca.

Fears about the introduction of price controls on drugs in the US have pushed the FTSE 100 index down this morning, as such a move is likely to have an impact of the profitability of GlaxoSmithKline.

The FTSE 100 Index recovered some of its earlier losses to close down 7.50 points, or 0.1%, at 6,232 points today, with ITV the biggest riser.