FTSE buoyed by two-year high on Wall Street

clock

London's leading share index was boosted this morning by a two-year high on Wall Street, following robust earnings reports and positive economic data.

The FTSE 100 rose 0.15% to 6,094.40 in early trade, after US blue chips pushed the Dow Jones up 0.49% to 12,287.1. US markets were buoyed by positive company results from Dell, with the computer giant's fourth quarter earnings nearly tripling, sending shares up 12%. Predictions by the Federal Reserve growth could hit between 3.4% and 3.9% this year also boosted sentiment. In the UK, this morning's winners were African Barrick Gold, climbing 2.44%, Royal Bank of Scotland, up 2.35%, Essar Energy, up 1.43%, Eurasian Natural Resources, rising 1.19% and Reckitt Benckiser Group, up 1.16%. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: The attractions of the small-mid private equity segment

Partner Insight: The attractions of the small-mid private equity segment

New empirical research from Schroders Capital reveals that small and mid-sized private equity funds have outperformed large funds with greater resilience through economic cycles

Viswanathan Parameswar, Eufemiano Fuentes Perez and Verity Howells at Schroders
clock 19 November 2024 • 4 min read
Partner Insight: Is it time to rebalance portfolios as the UK economy stabilises?

Partner Insight: Is it time to rebalance portfolios as the UK economy stabilises?

Brooks Macdonald
clock 18 November 2024 • 2 min read
Partner Insight: The case for value in a balanced portfolio

Partner Insight: The case for value in a balanced portfolio

It’s been an anemic time for value stocks but the managers of Vanguard’s active multi-asset range think a focus on valuations could be rewarded.

Madison McCall Active Product Specialist, Vanguard, Europe
clock 18 November 2024 • 5 min read
Trustpilot