London shares close higher, near day's peak; NY up amid FOMC rate cut talk |
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Tue, 20 Nov 2007 17:39
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LONDON (Thomson Financial) - UK blue chips ended stronger today, posting a triple digit gain and ending just below the session peak after a volatile morning session, lifted by a rally on Wall Street amid hopes that minutes from the last FOMC meeting, due later today, could hint at further US rate cuts.At the close, the FTSE 100 index was 105.7 points firmer at 6,226.5, just below the session high of 6,227.9, having recovered from an early morning low of 6,078.7.The broader FTSE indices ended mixed, however, with the FTSE Small Cap and techMARK 100 indices remaining weak.Volume was solid, with 1.901 bln shares changing hands in 623,671 deals.On Wall Street, by London's close, the DJIA was 118.70 points higher at 13,077.10, while the S&P 500 index added 15.30 points to 1,448.55, and the Nasdaq composite index was up 34.60 points at 2,627.98.Wall Street rebounded from hefty losses yesterday on rate hopes and supported by better-than-expected results and an upbeat earnings outlook from tech firm Hewlett-Packard.tf.TFN-Europe_newsdesk@thomson.comjmh/rwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Metals - Copper down on rising stocks; thin trade as mkt awaits US rate decision 