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The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

US markets open strongly, pushing FTSE

The US markets have opened strongly, giving UK equities another push.

The Dow Jones is up almost 200 points in early trading, a rise of 1.6%. The FTSE 100 in turn is now 86 points up, a rise of 1.5%.

The S&P 500 was up 1% in early trading, or by around 13 points.

There has been a lot of buying on the back of the Chinese manufacturing data mentioned earlier. That, along with the crisis in the Strait of Hormuz, is also pushing oil, Brent Crude up more than 3% now to almost $111.

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