UK stocks advanced this morning, bolstered by Wall Street's strong performance last night. T...
UK stocks advanced this morning, bolstered by Wall Street's strong performance last night.
The benchmark FTSE 100 Index was 54.5 points ahead at 3972.2 this morning, and the FTSE All-Share was up 24.72 points to 1,905.72 at 9.30am this morning.
Among the highest climbers were banks and insurers.
Lloyds TSB rose 14.75p, or 4% to 414.75p, while Barclays advanced 13.25p to 434p and Royal Bank of Scotland gained 40p to 1659p.
Insurers also rose as Legal & General gained 2.25p to 79.5p, Norwich Union owner Aviva advanced 7.5p to 423.5p and Prudential rose 9.75p to 380.5p.
In Asia, Japanese stocks decreased yesterday paced by banking and financial stocks over the pessimistic forecast for the global economy.
The Nikkei 225 index dropped 178.6 points or 2.2% to 7,790.5 at closing time in Tokyo, and Hong Kong's Hang Seng index fell 71.81 points or 0.84% to 8,500.10.
Across the Atlantic, trading ended on a more cheerful note, as the Dow Jones Industrial Average climbed 156 points, or 1.9% to close at 8,484.99, its highest level since March 21.
The broader market also clearly advanced.
The Nasdaq jumped 26.99 points or 1.9% to 1,451.36, and the S&P 500 index rose 19.36 points or 2.2%, to 911.37, both reaching their highest levels since middle of January.
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