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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

FTSE holds on to gains as Wall Street opens higher

US investors have shaken off a surprise downward revision to third quarter GDP, with Wall Street moving higher in early trading.

The Dow Jones Industrial Average is up around 50 points, despite US growth of 1.8% quarter on quarter compared to earlier estimates of 2%. On the positive side weekly jobless claims came in better than expected, as did US consumer confidence

With Wall Street rallying, the FTSE 100 has maintained its gains and is now up 65.03 points at 5454.77. France and Germany are both up around 1%.

So the attempted Santa rally continues.

Banks are still leading the UK index, with Lloyds Banking Group up 0.915p to 25.85p and Royal Bank of Scotland rising 0.67p to 20.49p.

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