FTSE halts six-session slide; Yen hits overnight record

clock

The FTSE ticked 40 points higher in early trade on Thursday as investors paused for breath following days of volatility as a result of the nuclear crisis in Japan.

London's leading index climbed 45 points, or 0.8%, to 5,643 after closing down for a sixth consecutive session on Wednesday, taking its total fall over that period to 6.3%. Miners are going strong, with Xstrata and BHP Billiton both up more than 2.5%. Asia and the US posted losses overnight as concerns over Japan's nuclear crisis showed little sign of subsiding. The Nikkei closed down 1.4% to 8,963, while the Dow Jones turned in its worst performance since August, diving more than 2% to 11,613. Meanwhile, the Japanese yen hit a record post-war high against the US dollar earlier ...

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