The market is feeling around for direction after FTSE-100 index stocks gained almost 50 points yeste...
Many dealers are trying to make sense of the first measurement of US consumer confidence published since the country was attacked 11 September - the report said confidence dropped faster than at any time since the last recession in 1990-1.
Record company EMI is the biggest gainer so far, clawing back 16p to 230p following yesterday's meltdown when the stock lost more than £1 after a profits warning.
At its current price EMI only has a market value of around £1.6bn and would be set for de-selection from the FTSE-100 if the changes were being made now rather than two weeks ago.
Banks are taking a pasting so far today with new FTSE-100 entrant HBOS, the merged Halifax Bank of Scotland company, down 7.5p to 729.5p, Royal Bank of Scotland down 4p to £14.31, and HSBC down 6.5p to 658.5p.
Only Barclays is holding its head above water with a 5p gain to £17.45.
Otherwise it is a mixed bag of airline, engineering, pharmaceutical and retailing stocks that have performed worst so far today.
Overnight the Dow Jones Industrial Average index ended the day up 56 points at 8,659, while Nasdaq gained 0.15% or 2.24 points to 1,501.
The Nikkei 225 index lost 52 points to close at 9,641, while Hong Kong's Hang Seng index ended up 157 points at 9,367.
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