The FTSE reversed yesterday's late sell-off sparked by the results of the Irish bank stress tests in early trading on Friday.
Yesterday's test results revealed an additional €24bn in recapitalisation needs for the Republic of Ireland's four main banks. London's leading index, having been flat for most of Thursday, declined sharply as the results filtered in. However, this morning, the index has advanced almost 50 points, or 0.8%, to sit at 5,956. Today, investors will be keeping a close eye on the US's March payroll report, which is due out this afternoon. Elsewhere in Europe, the German Dax was up 0.93% to 7,106 and French Cac rose 0.73% to 4,018. Overnight in the US the Dow Jones slipped 0.25% to ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes