Dow Jones

The Dow Jones has opened lower this morning following news US personal income has suffered the largest drop in four years.

The FTSE 100 rolled back some of yesterday's gains this morning, with Standard Chartered among the early casualties after announcing surprise plans to issue £1bn in new shares.

The FTSE 100 reached its highest level since October 2008 this afternoon, leaping more than 80 points to within touching distance of 4,700.

Miners are leading the FTSE 100 higher this morning, as Barclays announced a near £3bn pre-tax profit for the first half of 2009.

US shares gained as investors took heart from better-than-expected US GDP numbers, showing the pace of economic decline is slowing.

On Wall Street, shares surged forward on the back of positive earnings reports for companies across the world.

London shares were in positive territory this morning, led by telecoms giant BT Group.

Source has released 18 ETFs tracking the Dow Jones Stoxx 600 Optimised Supersector indices, which the ETF provider recently created in conjunction with Dow Jones.

Financials have helped the FTSE 100 regain its winning streak, with the index up over 1% this afternoon.

The FTSE 100 has this morning begun to reclaim some of yesterday's losses, with a buoyant Schroders ahead early on the back of an upgrade from Morgan Stanley analysts.