FTSE 100 rises on US optimism
Thursday 9th April 2009, 9:41AM BST.
The FTSE 100 was out of the red this morning following a stronger session in the US overnight.
The UK’s leading share index rose to 3,952.48 in early trading, after the Dow Jones jumped 0.61 per cent and the S&P 500 closed 1.18 per cent up.
Barclays led the rise, and was up 6.4 per cent by 08:50 BST. The bank is expected to close the deal on the sale of its iShares unit to CVC Capital Partners today ahead of the Easter weekend.
Royal Bank of Scotland shares also rose and were 4.21 per cent up in early trading, while Lloyds Banking Group shares jumped 3.77 per cent.
Several stocks were still in the red, however, with Invensys topping the list.
The software manufacturer fell 1.94 per cent, followed by a 1.64 per cent drop in Vodafone shares.
Asian markets also rallied overnight, with the Nikkei 225 up 3.74 per cent and the Hang Seng index up 2.75 per cent.
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