London markets have opened solidly this morning with financials at the forefront of investor thinking. The FTSE100 is 9.60 points (0.16%) ahead to 6068.10.
Schroders is leading the way this morning; its non-voting stock is 2.84% higher to 922. RBS is also doing well as bids for its insurance arm look set to be revealed.
Sainsbury is higher on a good day for supermarkets, up 2.42% to 349.75.
Inter-dealer broker ICAP is ahead as rivals report solid business, up 2.15% to 617.
General retailers are suffering so far though; Marks & Spencer is 3.66% lower to 381.25 and Next is down 2.03% to 1161.
Its not all positive for financials, Lloyds TSB has slipped 1.65% to 387.
In New York, Wall Street was positive after the memorial holiday weekend despite mixed economic reports filtering through. The Dow Jones IA closed Tuesday 68.72 points (0.55%) higher to 12548.35.
It was a mixed day for financials but Citigroup weathered the storm, posting the best result of the day, up 2.56% to 21.66.
IBM was also higher on a good day for the tech sector, climbing 2.51% to 127.32; while Home Depot climbed 1.91% to 27.28.
DuPont led the losses on Tuesday, dipping 1.3% to 47; while Chevron did not have take to the sharp crude fall well, the oil giant was down 1.14% to 99.58.
In Tokyo, Japanese stocks fell on Wednesday as the sharp dip in crude oil prices stung trading companies and oil explorers. The Nikkei 225 lost 183.87 yen (1.32%) to 13,709.44.
It was a poor day elsewhere in Asia/Pacific also, Hong Kong’s Hang Seng fell 93.22 points (0.38%) to 24,188.82 and Sydney’s S&P/ASX 200 dropped 66.30 points (1.16%) to 5,648.10.IFAonline
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