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15 Apr 2015
FTSE hits new record high
FXStreet (Mumbai) - The London’s Ftse index hit a new record high of 7111.80 on Wednesday despite continuing worries about Greece and disappointing Chinese data.
The Ftse, along with other leading European equities moved higher ahead of the European Central Bank meeting, where President Draghi is expected to give an update regarding the QE program. NO major surprises are expected, although Draghi is expected to reiterate readiness to extend the program beyond September 2016.
The index currently trades at 7101.30; up 0.37% for the day. Among stocks, Tullow Oil rose 4.23%, tracking the rise in oil price. Fresnillo gained 2.98%. Dixons Carphone rose 1.8% after agreeing to sell its The Phone House chain of shops to German mobile telephone company Drillisch.
Miners also rose to the top of the index. Glencore was up 3%, Fresnillo rose 2.7% and Anglo American traded 2.6% higher.
On the other hand, Bunzl dropped 3.09% after a 6% rise in first quarter revenues and news of four acquisitions in Turkey, Canada and the Netherlands.
The Ftse, along with other leading European equities moved higher ahead of the European Central Bank meeting, where President Draghi is expected to give an update regarding the QE program. NO major surprises are expected, although Draghi is expected to reiterate readiness to extend the program beyond September 2016.
The index currently trades at 7101.30; up 0.37% for the day. Among stocks, Tullow Oil rose 4.23%, tracking the rise in oil price. Fresnillo gained 2.98%. Dixons Carphone rose 1.8% after agreeing to sell its The Phone House chain of shops to German mobile telephone company Drillisch.
Miners also rose to the top of the index. Glencore was up 3%, Fresnillo rose 2.7% and Anglo American traded 2.6% higher.
On the other hand, Bunzl dropped 3.09% after a 6% rise in first quarter revenues and news of four acquisitions in Turkey, Canada and the Netherlands.