The FTSE100 has opened strongly this morning after yesterday's poor session, with oil groups driving the index up 38.90 points (0.63%) to 6230.50 so far.
Oil stocks are dominant as crude prices hit record highs in the US, Royal Dutch Shell 'A' shares are up 3.41% to 2214. BG Group and Cairn Energy are also higher, up 3.1% to 1363 and 2.47% to 3606 respectively. Miners have also rebounded, with Kazakhmys 2.46% ahead to 1836. Imperial Tobacco is plummeting as reaction from its right issue call continues; it is 13.44% lower to 2125. Home Retail is also struggling on a poor day for consumer groups; it is down 5.62 lower to 235. In New York, the Dow Jones IA struggled on Tuesday as the high price of oil and heightened inflation concerns smash...
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