The FTSE 100 was up 45.6 points to 5175.1 at morning trade with the city confident that a further ra...
The FTSE 100 was up 45.6 points to 5175.1 at morning trade with the city confident that a further rate cut will be announced in the US tomorrow.
The clear FTSE 100 loser at morning trade was British Airways, the airline fell 13p to 134p with investors keen to sell the stock ahead of first-half profits results to be announced tomorrow. The results are expected to show a sharp fall in second quarter profits. Furthermore, BA's place amongst the FTSE 100 could also be in jeopardy.
To rub salt in BA's decline, low cost airline Ryan Air announced a surge in pre-tax profit of 31% this morning, which prompted its shares to advance 6p to 664p.
WPP led a modest bunch of FTSE 100 gainers with a rise of 30p to 685p.
US indices remained relatively flat on Friday with investor optimism dampened by figures showing September unemployment at a five-year high and factory orders at a four and a half year low.
On Friday, the Dow Jones advanced 59.64 to 9323.54, cutting its loss for the week to 2.3%. The Nasdaq finished flat, down 0.57 to 1745.73, its loss for the week at 1.3% and the Standard & Poor's 500 gained 3.1 to 1087.2 to bring its weekly decline to 1.6%.
In Tokyo on Monday, the Nikkei 225 eked out a gain of 63.76 to 10,447.54. Trading was thin with investors reluctant to make any big plays ahead of the US federal reserve's interest rate meeting tomorrow. Mobile phone operator NTT DoCoMo slipped in value.
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