FTSE teeters close to 6,000 mark

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;ftse-teeters-close-to-6000-mark&period;jpg"><img class&equals;"alignnone size-full" title&equals;"The FTSE 100 dropped 8&period;1 points to 5988&period;2" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;min-ftse-teeters-close-to-6000-mark&period;jpg" alt&equals;"The FTSE 100 dropped 8&period;1 points to 5988&period;2"&sol;><&sol;a><&sol;p>&NewLine;<p>The FTSE 100 Index has remained close to the 6&comma;000 mark as traders held their positions at the end of a decent year for London shares&period;<&sol;p>&NewLine;<p>The last full business session of the year saw the Footsie drop 8&period;1 points to 5988&period;2&comma; but the top flight is still on track to rise by almost 11&percnt; over 2010 after a December rally capped a strong second half year&period;<&sol;p>&NewLine;<p>The top-tier closed above the 6&comma;000 level for the first time since June 2008 on Christmas Eve as thin trading volumes and a Santa rally helped blue-chips move higher&period;<&sol;p>&NewLine;<p>The rally has run out of steam since then&comma; with Thursday&&num;8217&semi;s modest decline reflecting a disappointing session for Asian markets overnight&period;<&sol;p>&NewLine;<p>Japan&&num;8217&semi;s Nikkei 225 fell 1&period;1&percnt; as investors sold export-based stocks due to the strengthening of the yen against the dollar&comma; a factor which cuts the value of profits and makes products less competitive abroad&period;<&sol;p>&NewLine;<p>The next landmark for traders will be the opening of the US market and economic figures on jobless claims and pending home sales&period;<&sol;p>&NewLine;<p>Heavyweights such as BP were among those lower in London on Thursday after a drop of 2&period;9p to 470&period;45p&period; Vodafone fell 1&period;35p to 167&period;5p and BT Group dropped 1&period;4p to 183&period;3p&period;<&sol;p>&NewLine;<p>Banks did their best to prop up the top flight as Barclays rose 1&period;55p to 266&period;25p and part-nationalised Lloyds Banking Group added 0&period;1p to 67&period;8p&period;<&sol;p>&NewLine;<p>Silver miner Fresnillo was top of the FTSE 100 pile after lifting 18p to 1637p&comma; a gain of more than 1&percnt;&period; It was followed by building and plumbing supplies firm Wolseley&comma; which lifted 16p to 2060p&period;<&sol;p>&NewLine;<p>But supermarket retailers experienced a disappointing session despite evidence that the sector held its own during a snow-impacted run-up to Christmas&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-69e379a660e99">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-69e379a660e99'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


Discover more from London Glossy Post

Subscribe to get the latest posts sent to your email.

- Advertisement -