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London market.

STOCK markets made strong gains on both sides of the Atlantic yesterday as positive US economic data helped ease fears.

The FTSE 100 Index climbed 64.4 points to 5494.2, overcoming wobbles earlier this week on nerves over Europe's sovereign debt crisis and the shock of two high-profile leadership changes at bluechip banks.

America's Dow Jones Industrial Average was up in early trade as investor sentiment received a boost from news of a drop in US unemployment claims to 451,000.

Figures on the UK trade deficit were dire, hitting the worst level on record, but this failed to hold back progress on the Footsie.

The biggest Footsie risers were Royal Bank of Scotland, up 2.3p to 48.2p, Barclays, ahead 15.4p to 323.4p, Arm Holdings, up 15.5p to 403.2p and Carnival, up 82p, to 2359p.

The biggest Footsie share fallers were Home Retail Group, down 6.2p to 215.2p, BAE Systems, off 4.2p to 319.1p, Cairn Energy, off 5.1p to 444.9p and BT Group, down 1.6p, to 140p.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Sep 10, 2010
Words:181
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