FTSE

Banks are taking a beating in London this morning, but the FTSE 100 is once again being kept afloat by strong miners. The index is up 16.10 points (0.27%) 6050.80 so far.

The RBS rights issue details and subsequent slide has smashed the financials sector in morning trading, sending the FTSE 100 8.50 points (0.14%) lower to 6044.50.

The FTSE100 had a choppy start to the week rising to almost 6090 before 8.00am but then falling to 6059.70, just above the level at which it closed on Friday.

The FTSE100 closed the week above the 6,000 mark for the first time in February which should help boost investor confidence in troubled times.

The FTSE100 has just risen over the 6,000 mark, up 31.80 at 6012.20, despite a poor showing from financials in early trading.

A strong opening surge on Wall Street propelled an already buoyant FTSE 100 this afternoon, closing 139.30 points (2.36%) higher to 6046.20.

Financials are thriving in London this morning with a strong mining sector closely following to drive the FTSE 100 51.80 points (0.88%) ahead to 5958.70.

Global recession fears continued to drag on the markets this afternoon as the FTSE fell 57.7 points, or 0.98%, to 5837.8 and the Dow Jones fell 12.86 points, or 0.1%, to 12312.56.

The FTSE fell 54 points, or 0.92%, to 5841.5 this morning following the Dow Jones' 256.56 point, or 2.04% drop to 12325.42 as global recession fears worsen.

Despite rising above 6,000 this morning, the FTSE100 had a disappointing end to the week closing down 69.60 at 5895.50.