A morning recovery on Wall Street drove the FTSE 100 to solid afternoon gains; the index closed the day 79.8 points up, or 1.3%, to 6212.
Dresdner Kleinwort upgraded BG stock from ‘hold’ to ‘buy’, pushing the integrated natural gas company to the day’s best result – up 32 points, or 4.27%, to 782.
Liberty International led a mini recovery for miners in London, jumping 43 points above ground, or 3.78%, to 1180.
SABMiller did well also, the beer brewing giants finished off a solid day in style, knocking back a 45 point gain, or 3.51%, to close on 1326.
DSG International was the only stock to lose anything significant, a watchful trading statement released this morning led it to a 2.5 point fall, or 1.59%, to 154.8.
In New York, the Dow Jones dived on opening this morning, but rebounded well to sit 16.67 points up, or 0.13%, to 13305.96.
Investors were concerned about speculation the Federal Reserve wont touch interest rates any time soon.
Computer related stocks reloaded energy into the early markets, with the world’s largest chip-maker Intel leading the way, up 0.39 points, or 1.55%, to 25.49.
Hewlett Packard and Microsoft are also doing well, up 1.18%, to 48.99 and 1.08%, to 28.91 respectively.
Wal Mart is down after Merrill Lynch cut its rating to ‘sell’, citing poor US margins.
The supermarket giants are 0.69 points down, or 1.56%, to 43.50.
General Motors continues its up and down trend, currently 0.40 points lower, or 1.31%, to 30.19.
To comment on this story, contact:
0207 034 2681
Three years at Wells Fargo
Effective from 9 December 2019
One firm with permission suspensions left
Continuing the Architas education series for clients.
Needs to apply for authorisation