3i Group has seen some of the strongest gains this morning, pulling back the losses on the FTSE 100 index as a result of poor sales by high street retailer Boots. But it is the Asian markets which have today seen the best progress.
The blue chips index is creeping closer towards the 5,500 mark but has so far this morning only risen just one point to 5,496.1, helped in part by BHP Billiton too.
3i Group is up 17 points or 2.19% to 792p, counterbalancing losses for Boots of 14.5p or 2.31% to 614.5p, while BHP Billiton has earned 13.5p or 1.49% to 922p.Mobile operator O2 is also up 3.75p or 2.39% to 160.75p.
In Asia, the Japanese indices closed at their highest level in almost 4 ½ years thanks again to mining and commodity suppliers.
BHP Billiton and Nippon Steel had the best gains of the day, as metal prices improved and a US report suggested there is increasing investment in the goods created from base commodities.
The Nikkei 225 index closed up 181 points or 1.35% to 13,617 and the Hong Kong Hang Seng index earned 192 points or 1.26% to 15,413.7.
In the US yesterday, two of the three main indices made small gains on the back of that durable goods report.
The Dow Jones added almost 17 points or 0.16% to 10.473 and the S&P 500 index rose just over a point or 0.1% to almost 1,217 while the Nasdaq slipped a point or 0.05% to 2,115.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Julie Henderson on 020 7968 4571 or email [email protected].IFAonline
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