FTSE breaks above 5,000 again

clock

The FTSE 100 is off to a solid start this morning after a late surge on Wall Street yesterday following Ben Bernanke's comments that the US recession is over.

Wall St had a rocky day after a trade spat between the US and China began to escalate but the Dow Jones index finally closing 56.61 points (0.59%) up at 9,683.41 points. Miners are currently leading London’s blue chip index higher pushing it up by 57.93 points (1.15%) to 5,100.06 points by 10:00am. Tullow Oil is currently in the top spot gaining 4.42% to reach £11.35 after the FT reported it is part of a consortium headed by US firm Andarko, which has established a new oil frontier that stretches 1,100km along the African coast from Ghana to Sierra Leone. Xstrata, Eurasian Natural Reso...

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read