Markets stronger after US Fed keeps rates on hold
City Index January 26, 2012 5:33 PM
<p>After the FTSE closed down 28 points yesterday, a stronger showing in the US, spurred on by the Federal Reserve’s promise to keep interest rates […]</p>
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- After the FTSE closed down 28 points yesterday, a stronger showing in the US, spurred on by the Federal Reserve’s promise to keep interest rates low, has led to a positive start here in Europe.
- Currently we have the FTSE up 21 points at 5744 and in Germany the DAX is up 0.5% and in France the CAC is up 0.65%.
- With trading updates from Anglo American and figures from Kazakhmys, the miners are very much in focus this morning, leading the rally in early trading
- Kazakhmys is the biggest gainer, up 2.9%, while Rio Tinto, Randgold Resources and Vedanta are all up over 2%.
- Lloyds is also stronger, up 2.5%, with RBS and Barclays close behind, up 2.3% to 2% respectively.
- Some cracking figures have sent EasyJet flying this morning, up 8.5% after revenue surges 16.7%.
- However, it’s not all good news as Tate & Lyle is the biggest faller, off 0.8% after a broker downgrade.
- It’s also been a tough start for BP and Next, both down around 0.5%.
- BskyB is also suffering after a downgrade from Barclays.
- With no major UK data to be aware of, we have US durable goods and US jobless claims at 1.30pm (UK time), while we also have US home sales for December out at 3pm (GMT).
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