Indices jumped in New York overnight after positive news about consumer spending in the world's larg...
Indices jumped in New York overnight after positive news about consumer spending in the world's largest economy, and the FTSE 100 index is this morning up 60 points at 4,113. A cyclical recovery would of course boost cyclical stocks, and WPP shares in London are today up 29.5p to 460p following the overnight gains by its shares traded in New York. HSBC is gaining after yesterday's news it is to buy the second largest US consumer financing firm, and shares are currently up 35.5p to 715p in London. Telecoms continues to perform well, with BT up 10p to 220p, but also poorl...
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