FTSE 100 recovers some ground after positive start for US stocks
The UK blue chip index is virtually flat as Dow moves higher on its 125th anniversary
FTSE 100 down just 2 points
US stocks open higher
3.22pm: Aveva moves to the top of the risers
With Wall Street staying in positive territory, the FTSE 100 has regained some ground and is trading virtually flat.
The index is down just 2.1 points at 7027.69, with Aveva PLC (LON:AVV) topping the risers. The software group is up 2.79% at 3421p in the wake of its recent results.
But banking shares continue to hold the market back, as do Intertek PLC (LON:ITRK) and British Land Company PLC (LON:BLND) following their figures.
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.