Global markets have been boosted by news of a ceasefire in Libya, rising oil prices and intervention by the G7 nations to suppress the value of the yen.
The price of Brent Crude rose to $115.45 dollars a barrel today, on the back of concerns allied air strikes and enduring turmoil may disrupt Middle East exports, while Libya's ceasefire on Friday also helped spur a rally in global stocks. London's leading share index opened up 0.87% at 5767.92 this morning, with Vodafone leading the charge, rising 4.38%. BT Group followed, rising 2.94%, Weir Group rose 2.57%, Legal and General Group was up 1.91% and IMI gained 1.83%. Conversely, Essar Energy was down 1.37%, ITV dropped 0.69%, National Grid fell 0.52%, Inmarsat was down 0.35% and Capit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
