At morning trade the FTSE 100 was up 47.3 points to 5256.4. The city was in good mood anticipat...
At morning trade the FTSE 100 was up 47.3 points to 5256.4. The city was in good mood anticipating a half-point cut in US interest rates to be announced today by the Federal Reserve. Technology stocks were also lifted after bellwether Cisco Systems said sales declined less than expected and fiscal-first quarter profit had beaten expectations.
UK index heavyweight Vodafone propped up FTSE 100 gains with a rise of 6p to 172p. Marks & Spencer also fared well as it posted a gain of 9p to 310p, the retailer reported a first-half net income of £144.2m compared with £120m the previous year.
Few stocks were on their way down amongst the FTSE 100 but British Airways led the losers with a fall of 10p to 145p after it said second-quarter profit slumped 85% to £19m from £125m the previous year.
Over in the US, all the major indices improved in value on Monday. The Dow Jones added 117.49 to 9,441.03. The Standard & Poor's 500 advanced 15.53 to 1,102.73. The Nasdaq rose 47.74 to 1,793.47.
The Nikkei 225 rose 186.18 to 10,633.72 on Tuesday, cheered by gains on Wall Street and Cisco's better than expected results.
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