9th February 2012
The UK's top share index has seen gains in trading so far today (February 9th) as a result of the publication of several positive results by some of its biggest constituents.
According to Reuters, the FTSE 100 closed down by 0.2 per cent yesterday, but was able to make up this ground by 08:51 GMT this morning and is now in a growth position of 5,901.44 - up by 0.4 per cent in today's session.
Banks were the main supporters of this rise, while the Bank of England's expected announcement that it will hold rates at record-low levels for another month will be likely to help stabilise the index.
"Britain faces slumping back into recession if Q1 of 2012 produces negative GDP growth, in which case more quantitative easing could be too little too late," Simon Furlong, a trader at Spreadex, told the news agency.
Yesterday, the FTSE 100 moved above the level of 5,900 for the first time since August last year following renewed optimism that a Greek bailout deal will soon be ratified.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.