The FTSE 100 is still climbing this morning, thanks to gains for Aviva, in a move which could see the benchmark index close the week above the 4500 barrier.
The FTSE 100 index is currently up 25 points or 0.6% to 4541 and the FTSE All-Share indeed has gained 11 points to 2263, as Aviva is today reaping the benefits of its second-half results earlier in the week.
Aviva is currently up almost 10p to 573.75 giving the group behind Norwich Union a three-day gain of 5.8%.
Corus Group, the steelmaker which only months ago was struggling to stay afloat, is also up 1.5p to 43.75p, as a director at Russian energy supplier Gazprom has today bought a huge chunk of 44 million shares, making him the second-largest investor in Corus.
Engineering company Jarvis – which is now proposing to change its name to Engenda when bidding for school contracts - has also gained 11.75p or 9.3% to 138p after revealing it has received the £24m payments owed by Network Rail Ltd.
Avis, the car rental company, however, has fallen 5p or 5.1% to 94p after revealing a fullyear loss of Euro51.3m compared with net income of Euro80.8m last year.
In Asia, the Japanese and South Korean markets have closed the week up amid speculation the global economy is now driving economic production again in the region.
Hitachi saw the best gains, pushing the Nikkei 225 index up 2.1% to 11,041.992 – its highest level since December, while the Topix added 2.1%.
Hitachi closed up 2.7% to Yen713 after announcing it would exceed its 20% global growth rate this year thanks to an increase in sales of DVD recorders and audio players.
And in the US, the Dow Jones was the only index to close down, as the Nasdaq and S&P 500 indices made slight gains.
The Dow Jones closed down 21 points or 0.2% to 10,580 while the S&P 500 index rose a fraction to 1,144.9 and the Nasdaq Composite index rose almost 10 points or 0.47% to 2,032.5.IFAonline
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