Towards lunchtime on Friday the FTSE 100 was relatively flat, creeping up 15 points to 5225. Ga...
Towards lunchtime on Friday the FTSE 100 was relatively flat, creeping up 15 points to 5225. Gainers outweighed losers but weakness in the oil sector stifled the FTSE 100's advance – a theme that has dominated the week and left London's leading index tightly range bound.
City sentiment was lifted though by actions taken by the US yesterday to try and forge a halt to fighting between Israeli forces and Palestinians.
Leading FTSE 100 gainers was Lattice with a rise of 7p to 175p. Other notable gainers included British Airways, up 8p to 242p and tech stocks Logica and Arm improved 3% and 2% respectively - US technology bellwether Dell released improved forecasts on Thursday to improve tech sentiment.
Back in the UK and oil heavyweights BP and Shell both lost 1% but BT led a modest group of losers as it fell 9p to 275p.
Over in the US on Thursday markets were similarly range bound and flat. The Dow Jones managed to eke out its first gain in five days with a rise of 36.88 to 10,235.17, the Standard & Poor's 500 crept 0.94 higher to 1126.34 while the Nasdaq was up 5.40 to 1789.75.
As well as weakness in the oil sector, US investors were troubled by a government report showing US initial jobless claims rose in the latest week, against expectations.
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