UK stock market advanced for a third day, as military forces seem to be striking out towards Baghdad...
UK stock market advanced for a third day, as military forces seem to be striking out towards Baghdad is increasing optimism that the war against Iraq might be ending soon.
Gallaher Group, the maker of Silk Cut cigarettes, and Canary Wharf, developer of the world's second largest office park, led the gains. Gallaher rose 25p or 4.2% to 624.5p and Canary Wharf jumped 4.5p or 3.4%, to 137p.
The FTSE All-Share Index advanced 0.64p to 1797.83p while the benchmark FTSE 100 gained 1.2p to 3754.6p.
AstraZeneca, Europe's second largest drugmaker, fell 55p, or 2.4% to 2,210p after 210 Japanese patients using the company's lung-cancer drug, Iressa, died.
However, the currency-trading and spread-betting company, IFX Group, rose 10p, or 10%, to 107.5p after the company announced its full-year earnings will meet forecasts made by analysts as unstable markets were heightening business.
US stocks advanced for another day.
The Dow Jones Industrial Average index gained 215.20 points or 2.67% to close at 8285.06.
The S&P 500 rose 22.42 points or 2.61%, to 880.90 and Nasdaq's Composite index jumped 48.42 or 3.59% to 1,396.72.
In Asia, Tokyo's Nikkei 225 fell for the first time in three days, loosing 52.10 points or 0.65% to 8,017.75pwhile Hong Kong's Hang Seng dropped a 26.19 points or 0.30% to 8,680, as more than 2,200 people have been infected by the SARS flu that is spreading through parts of Asia.
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