In London, markets rose as it looked like the Fed would cut US interest rates and ease the sub-prime market crisis and the FTSE 100 closed up 91.3, or 1.47%, to 6,303.3.
Vedanta Resources gained 74 points, or 4.38%, to £17.63, followed by Rio Tinto, which added 123 points, or 3.72%, to £34.30. Imperial Tobacco shares were up 70 points, or 3.22%, to £22.41, Morrison Supermarkets added 8.75, or 3.15%, to 286.25p and Tate & Lyle were up 17 points, or 3.11%, to 564.5p.
Home Retail sjares fell 4.5 points, or 1.07%, to 414.25p, Mitchells shares fell 5.5 points, or 0.77%, to 712.5p, while Capita lost 4 points, or 0.53%, to 750.5p.
On Wall Street, shares surged in early trading after news that George Bush would announce a Government solution to the sub-prime crisis and the Dow Jones was up 96.90, or 0.73%, to 13,335.63.
Hewlett-Packard shares added 0.97, or 2%, to 49.41, followed by Home Depot, which climbed 0.61, or 1.65%, to 37.65. Intel shares gained 0.4, or 1.58%, to 25.69, United Technologies jumped 1.16, or 1.57%, to 75.00 and Caterpillar added 1.17, or 1.57%, to 75.83.
In early trading, no shares on the Dow Jones were down.
If you would like to comment on this story, contact:
Tel: 020 7034 2682
e-mail: [email protected]
Consider risk capacity
Via The Exchange
To continue under same brands
First phase of digital investment