In London, markets climbed after losing over 2% yesterday and by mid-morning the FTSE 100 was up 39.2 points (0.73%) to 5,446.
Eurasian shares made the biggest gains, up 50 points (4.78%) to $10.97, while Tullow Oil shares added 32.5p (3.86%) to 874.5p.
Travel and airline shares fell after German regulators blocked a merger deal between Air Berlin and Thomas Cook’s Condor, with British Airways down 5.5 points (2.61%) to 205.25p and FirstGroup lost 13.5p (2.41%) to 547p.
Wall Street markets closed up after several poor trading days, with the Dow Jones adding 81.58 (0.73%) to 11,229.02.
Alcoa shares added 3.06 (9.7%) to $34.60, while Intel gained 0.81 (4.09%) to $20.62.
However, reassuring words from the Federal Reserve failed to rescue financial stocks, with AIG losing 2.15 (8.22%) to $23.99. General Motors continued its slide, down 0.64 (6.25) to $9.69.
If you would like to comment on this story, contact:
Tel: 020 7484 9805
e-mail: [email protected]
Cautious, Balanced & Dynamic Growth
Cowardly, boring or sensible
Latest news and analysis
‘Most significant’ upgrade since launch
Changes happening over coming months