FTSE 100 steady above 7000 level with Wall Street set to open higher
Companies
FTSE 100 steady above 7000 level with Wall Street set to open higher
The index of UK-blue-chips in positive mood while US is set to make a positive start as investors await jobs and services data
FTSE 100 up 81 points
Dow to see early gains
Croda higher on restructuring talk
12.35pm: US market expected to recover
Wall Street is set to recover after Tuesday s caution as US Treasury Secretary Janet Yellen rattled the cages with talk of interest rate rises.
The Dow Jones Industrial Average, which ended off its worst levels despite Yellen s comments, is expected to open 70 points or 0.22% higher at around 34,203 while the S&P 500 is forecast to rise by 0.3%. The Nasdaq Composite, which bore the brunt of Tuesday s selling and fell 1.88% as growth stocks fell out of favour again, is set to recover by around 0.5%.
FTSE 100 edges above 7000 level once again, as markets ignore inflation risks
Companies
FTSE 100 edges above 7000 level once again, as markets ignore inflation risks
The index of UK-blue-chips in positive mood as commodity companies provide support and dealers forget about Yellen comments
FTSE 100 up 83 points
Croda higher on restructuring talk
Miners ahead
10.48am: Markets shrug off Yellen comments
Leading shares are holding onto the 7000 level, as commodity stocks provide support and Tuesday s comments about interest rate hikes from US Treasury Secretary Janet Yellen fade into the background.
The FTSE 100 is now up 83.35 points or 1.2% at 7006.52. Whether it ends the day above the key level remains to be seen - we have been here before.
Yandal Resources hits highest primary gold grade to date of 1-metre at 20.68 g/t at Gordons Dam
A total of 22 holes for 2,531 metres were completed in March and drilled at four different directions (azimuths) to test several geological interpretations prior to design of expansion diamond and RC drilling at depth. Preparation to complete a follow-up diamond hole to target mineralisation at around 250 metres depth has begun
Yandal Resources Ltd (ASX:YRL) has hit 1-metre at 20.68 g/t gold from 118 metres, its highest primary gold grade to date at Gordons Dam Prospect within the wider Gordons Gold Project in the Kalgoorlie-Boulder region of Western Australia.
Tetra Bio-Pharma Inc (TSE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) expects to generate over C$47.5M from DanCann Pharma distribution deal
HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) plans at least 16,000 metres of drilling in Alaska this year as it approves C$10M exploration budget
CytoDyn Inc (OTCQB:CYDY) strikes agreement with AEIH in Brazil to run two coronavirus trials using its flagship drug leronlimab
2.39pm: Wall Street opens higher after ADP jobs data
The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected.