In London today, the FTSE has made a promising start in early trading, taking its index value to 6,060.30.
The 65 point, or 1.08%, rise has taken the FTSE up to its 6,000+ status for the first time since the 87.6p plunge on Wednesday, and continues to build upon yesterday’s modest improvement.
Cairn Energy is leading the winner’s table, advancing 139p, or 4.36%, to reach £33.28. Scottish & Southern Energy has also seen promising movements this morning, jumping up to £15.35; a 61p or 4.14% increase. Johnson Matthey (£20.40), BG Group (£12.74) and Xstrata (£40.87) have also witnessed decent improvements, with all three rising over 3%.
British Airways are struggling however, despite a positive day yesterday, dropping 4.45% to 242.75p. Barclays and Standard Life have both dropped roughly 2.7% so far, with Barclays currently hovering around 353p, and Standard Life kicking their heels on 255p.
In the US, the Dow Jones continued its positive early start yesterday, finishing on 12,604.45 – a 213.97 point, or 1.73% rise – marking a refreshing improvement after Wednesday’s minor drop.
Verizon Communications followed up its early morning kick-start by ending the day’s trading as the biggest winner with a 1.98 point, or 5.35%, improvement to 38.96.
Exxon also did well, with a 4.15% rise to 89.31, while Chevron can also be pleased with its afternoon push which took it to 99.99, representing a 4.11% rise.
American Express (47.43) and Wal Mart (59.80) were also pushing the 4% increase mark.
Down at the other end of the chart were the likes of Boeing Co and PFIZER Inc, who failed to recover from their initial drops in early trading. Boeing Co dropped 0.71 points, or 0.91%, to 77.31, while PFIZER fell to 18.67, signifying a 0.69% slump.IFAonline
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