The FTSE100 has just risen over the 6,000 mark, up 31.80 at 6012.20, despite a poor showing from financials in early trading.
News that Royal Bank of Scotland could be set to announce a huge rights issue of between £5bn and £12bn impacted on financial names early this morning with HBOS down 22.50, Lloyds TSB falling 13.75, RBS down 9.00 and Alliance and Leicester slumping 10.50.
However, miners helped pull the FTSE upwards with solid performances from Rio Tinto, BHP Billiton and Lonmin.
Tate & Lyle is top of the winners list up 17.00 while Cadbury Schweppes is also rising up 10.50 to 567.50. Sage Group rose 3.75 while Shire is up 18.50.
There were mixed fortunes for the US with the Dow Jones up 1 at 12,620 and the S&P sticking at 1,365 following the day’s major results announcements. Citigroup was the top riser up 2.52% to 24.03 while Pfizer was the biggest loser falling 3.32% to 20.40.
In Japan, the Nikkei was up for the fourth straight day rising 78.15 or 0.6% to 13, 476.45 which is the longest winning streak in six months. The yen fell 1.4% versus the dollar this week which increased the value of Japanese exporters’ overseas sales. This helped carmakers including Mazda which rose to its highest level since February.IFAonline
What made financial headlines over the weekend?
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