The FTSE 100 was up 111 points to 4857 this morning recovering some of the value it lost in res...
The FTSE 100 was up 111 points to 4857 this morning recovering some of the value it lost in response to the devastating terrorist attacks in the US. London's leading index plummeted 5.7% yesterday to its
lowest level since October 1998, which marked its biggest one-day drop since October 1987.
Wall Street is closed today but the New York Stock Exchange, the Nasdaq Stock Market and the American Stock Exchange are to decide today in consultation with the Securities and Exchange Commission when trading in US financial markets will be resumed.
In the UK this morning, Marconi continued to recover value - it was the FTSE 100's top gainer as it posted a rise of 5p to 37p. Oil companies fared badly though with BP down 24p to 564p and Shell down 20p to 524p.
US indices are frozen in the meantime, with the Dow Jones at 9605, the Nasdaq at 1695 and the Standard & Poor's 500 at 1092. Before securities markets closed in the US, Treasuries Rose as investors responded to the attack.
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Responding to letter from Treasury Committee chair Nicky Morgan