Share falls in the US overnight did not upset UK investors who here have this morning pushed the FTSE up about 8 points to 4,808.
ITV is up 3.25p to 114.75p following speculation unleashed yesterday regarding a possible bid for the commercial television operator.
Cairn Energy is up 31p to 1,099p as oil prices gained in New York overnight on rising demand for heating fuel in the US as winter weather continues.
Mining stocks have been buoyed by a note from Deutsche Bank analysts predicting prices of metals commodities will continue rising through the next 24 months.
Xstrata is up 17.5p to 887.5p, BHP Billiton is up 12p to 615p, and Rio Tinto is up 29p to 1,544p.
Liberty, owner of shopping centres, is up 14p to 953.5p after press reports Australia’s Westfield may be considering an offer.
Insurance stocks are down following Aviva’s restatement of lower 2004 profits under new accounting rules.
The company is down 3.5p to 615p today, followed by Prudential, down 4p to 451.75p, and Legal & General, down 0.75p to 112.5p.
The Dow Jones Industrial Average index dropped more than 1% or 111.95 points to 10,505.83 yesterday as investors watched rising oil prices on the New York market.
Investors are also eying currency swings following statements from Federal Reserve board members suggesting the pace of interest rate increases in the US may be faster than expected, hence lending support to the dollar, which has gained this past week against the euro.
The broader S&P 500 fell 10.25 points to 1,177.45.
Tokyo’s Nikkei 225 index climbed 80.17 points to 11,438.39 earlier today, while Hong Kong’s Hang Seng index fell 78.50 to 13,494.78.
Japanese chip making equipment manufacturers gained strongly after Korea’s Samsung reported it would increase investments in its chip-making plants this year.IFAonline
Three years at Wells Fargo
Effective from 9 December 2019
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