The FTSE has had a much better day today, rising 1.17%, or 67.2, to reach an index value of 5790.50 following yesterday's slump of 104.
HBOS was the day’s biggest winner, rising an impressive 9.69%, or 25, to reach 283. RBS had a good day too, climbing 7.89% to 229, representing a positive day’s trading for the banks. Lloyds TSB also made impressive gains of 20.75 to reach 353.5.
Down on the loser table though was Carphone Warehouse, which slid 11.09%, or 25.25, to 202.5, after it claimed broadband internet connections were damaged by the housing slowdown. Kingfisher (118.9) and Alliance & Leicester (305.5) also ended in the red, slumping by 5.3 and 13.25 respectively.
On Wall Street, things are also looking up for the Dow Jones, which has climbed 170 points, or 1.4%, in early trading to reach an index value of just over 12,250.
Citigroup Inc is the biggest gainer so far, climbing 5% to 20.17. Bank of America (29.96) and Home Depot (26.79) have also done well so far, with both climbing over 3.5%. Also hovering around the 3.5% gain mark, are JP Morgan Chase, which has risen to 38.4, and American International Group, which has jumped up to 34.4.
Chevron is the biggest struggler so far however, falling 1.5%, or 1.48 points, to 97.94, while Exxon has also dropped 1.29% to 87.47.
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