		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/03/ftse-makes-gains-despite-oil-prices.jpg"><img class="alignnone size-full" title="The FTSE 100 Index was up 25.2 points to 6030.4" src="http://londonglossy.com/wp-content/uploads/2011/03/min-ftse-makes-gains-despite-oil-prices.jpg" alt="The FTSE 100 Index was up 25.2 points to 6030.4"/></a></p>
<p>The FTSE 100 Index made further gains despite increasing oil prices as traders predicted strong economic data from the US.</p>
<p>The top flight was up 25.2 points to 6030.4 after being boosted by a strong session for Asian markets, where the Hang Seng and the Nikkei rose more than 1% and markets in Europe also made gains.</p>
<p>Though investors are keeping a close watch on developments in Libya as the regime of Muammar Gaddafi clings to power, investors were focused on the US government&#8217;s non-farm payrolls data for February.</p>
<p>The survey is predicted to show that employers added around 175,000 jobs although some analysts think the figure could be around the 250,000 mark.</p>
<p>Oil prices rose again fuelled by the ongoing crisis in Libya. Brent crude rose by more than 0.5% to 115.3 US dollars but it could not sway the FTSE 100 Index from moving further into positive territory.</p>
<p>Hints from the European Central Bank that a rise in interest rates could be on the cards at its next meeting also failed to derail markets.</p>
<p>The pound was flat against the euro after the single currency surged on Thursday on hopes of higher rates, while sterling was up slightly up against the dollar.</p>
<p>Commodity stocks gained as the dollar weakened, with Tullow Oil ahead nearly 2% or 24p to 1490p.</p>
<p>Advertising agency WPP provided the focus for corporate results after the blue-chip company reported a strong end to 2010 and a 27% rise in full-year profits. It forecast like-for-like revenues growth of 5% this year but shares slipped 3%, or 21.8p to 815p, following a recent strong run.</p>
<p>Outsourcing firm Serco was the biggest riser &#8211; up 27.8p to 619.3p &#8211; after Espirito Santo Investment Bank predicted earlier this week that it will continue to generate attractive earnings growth.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed5be3a13fb">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed5be3a13fb',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
