The FTSE100 has started in fine fashion this morning with oil, energy and mining stocks again sharing the spoils. The blue-chip index is currently 53.90 points (0.89%) ahead to 6123.50.
Another increase in crude prices has led Tullow Oil to lead the way so far, up 4.12% to 934.50.
Cairn Energy is one of a host of energy sector stocks rising on Thursday, up 3.05% to 3416.
Hedge fund manager Man Group is also soaring on its 60% yearly profit climb, up 2.63% to 604.
Banking stocks HBOS and Barclays are struggling so far, down 1.86% to 423 and 1.42% to 381.75 respectively.
Poor housing figures this morning has also hit Wolseley, 1.8% lower to 547.
In New York, a late surge on Wall Street defied the rebound in the crude price, with the Dow Jones IA closing Wednesday up 45.68 points (0.36%) to 12594.03.
Aluminium maker Alcoa led the line on a good day for the sector, up 2.95% higher to 41.57.
The tech and communications sectors are continuing to thrive, excluding Microsoft, with Hewlett Packard up 1.79% to 46.52, AT&T 1.75% higher to 39.51 and IBM 1.74% ahead to 129.54
News AIG may need to raise more capital stung its share price, with a Citigroup downgrade also leading the insurer to fall 4.67% to 34.91.
Global conglomerates Coca Cola and General Motors also dipped, down 1.96% to 57.44 and 1.55% to 17.15.
In Tokyo, exporters such as Sony soared on better than expected US goods orders in April. The Nikkei 225 index jumped the most in two months, closing Thursday 415.03 yen (3.03%) ahead to 14,124.47.
Positive elsewhere in Asia/Pacific also, Hong Kong’s Hang Seng lifted 43.04 points (0.18%) to 24,292.55 and Sydney’s S&P/ASX 200 climbed 61.30 points (1.09%) to 5,709.40.IFAonline
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