After an early dip as US traders returned to work from the Independence day holiday, Wall Street has moved into positive territory following a rebound in factory orders, helping support the UK market in its eight day winning streak.
At first it seemed the US might spoil the party but that changed with figures showing a 0.8% rise in orders for manufactured goods in May, compared to a 0.9% fall in April. Although this may not seem much, and was marginally short of expectations, it has seen the Dow Jones Industrial Average move from an opening decline to a near 20 point rise. So the FTSE 100, which was also drifting lower, is now up 17.35 points at 6034.89.
