FTSE Plays Catch Up Following Bank Holiday; Climbs on Draghi Easing Signal


Shutterstock photo

The FTSE 100 Index (UKX) Tuesday added 33.50 points, or 0.5%, to 6,808.9, playing catch up following the rally seen in Europe Monday. European stocks jumped to their highest level this month on Monday after European Central Bank President Mario Draghi signaled policy makers are ready to add stimulus. U.K. markets were closed for a national bank holiday.

WPP advanced 1.9% to 1,250 pence. The world's largest advertising agency said revenue rose 2.7% to 5.47 billion pounds. That beat analysts' estimate for sales of 5.13 billion pounds. RSA climbed 1.5 percent to 443.9 pence. Bank of America raised its rating to buy from neutral, saying the insurer has cleaned up its balance sheet and improved disclosures and management.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com