In London, the FTSE 100 made a strong start to the day after news that the US Fed might cut interest rates and was up 53.9 points, or 0.89%, to 6,140.
Lonmin led the pack with a gain of 123 points, or 4.15%, to £30.86, followed by
Antofagasta shares, which were up 25 points, or 3.82%, to 679p. Man Group, the hedge fund manager, was also boosted by interest rate speculation, up 17.5 points, or 3.82%, to 475.5p. Northern Rock shares raised 25.5 points, or 3.63%, to 727.5p and Invesco shares added 20.5 points, or 3.52%, to 602.5p.
Early gains were offset by some losses, including DSG International, down 4.8 points, or 3%, to 155.2p. BT shares fell by 9 points, or 2.88%, to 303p and Scottish & Southern Energy shares dropped 29 points, or 2.03%, to £13.98.
On Wall Street, there was uncertainty over the Fed’s promise to help alleviate the credit squeeze and the Down Jones closed down 30.49, or 0.23%, at 13,090.86.
Home Depot shares gained 0.51, or 1.51%, to 34.30, while Verizon added 0.6, or 1.46%, to 41.71. Disney shared climbed 0.38, or 1.15%, to 33.29, followed by Alcoa, which gained 0.28, or 0.82%, to 34.60, and American Express saw shared rise 0.46, or 0.78%, to 59.14.
United Technologies shares fell 1.76, or 2.36%, to 72.94, followed by Exxon Mobil, down 1.38, or 1.63%, to 83.15 and HoneyWell, down 0.8, or 1.43%, to 55.02.
In Tokyo, fears over global credit markets continued to take their toll and the Nikkei 225 Stock Average slipped 0.70 points to 15,900.64.
Mitsubishi UFJ, the country’s largest lender, lost 20,000 yen, or 1.8%, to 1.08 million. Fellow lender Sumitomo Mitsui Financial Group lost 16,000 yen, or 1.8%, to 884,000.
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Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till