FTSE 100 continues climb

Monday 24th August 2009

The FTSE 100 rose 0.86 per cent to 4,892.37 by 09:20 BST, led by commodities and financials.

Kazakhmys was up by 5.34 per cent, followed by Xstrata, up by 5.33 per cent, and Royal Bank of Scotland, up by 5.2 per cent.

Investors have been cheered by Friday afternoon's announcement from Federal Reserve chairman Ben Bernanke that the recession would be over soon, while in the UK economists are also optimistic on a return to growth.

Stronger metals prices have also supported mining firms, while an English victory in the Ashes over the weekend may also have boosted confidence on the index.

Commercial services firm G4S led the stocks heading into the red in early trade, falling 3.97 per cent on weak first-half results.

Over in the US, the Dow Jones ended 1.67 per cent higher, while the S&P 500 closed 1.86 per cent, and analysts are expecting another rally today.
ADNFCR-1783-ID-19326036-ADNFCR

Related News

Chelsea building society loses £41m to fraud - 21/08/09
The Chelsea building society has said today it lost £41m to mortgage fraud

Rail passengers 'being taken for a ride' - 20/08/09
Rail passengers are being taken for a ride by rail staff who give them poor advice on fares, a consumer watchdog has found

FTSE 100 up 1% - 20/08/09
Financial stocks led the FTSE 100 higher in early trade, on renewed economic optimism

FTSE 100 closes flat - 19/08/09
The FTSE 100 ended flat, with gains in financial and mining stocks balancing a fall in the defensives sector

'Level playing field' for UK workers - 19/08/09
The Migration Advisory Committee (MAC) outlined proposals to "level the playing field" between UK and non-EU migrant workers today

<< Back To News Listings

News Article Search

Quick Apply