Tuesday's Global Trade In Review
Marcus Holland | Jul 10, 2013 10:53AM ET
The FTSE 100 advanced on Tuesday, clawing back some of its declines over the last month and a half as fears of quantitative easing slowly begin to take a backseat in the minds of investors in the markets appear to be returning to their bullish nature, which was seen throughout the first half of the year. Banks once again led the London blue-chip index, supported by impressive gains from the mining sector.
Dateline London
The Royal Bank of Scotland was again at the forefront of financial news in London as investors continued to show great faith in the stocks after yesterday’s announcement that there were a number of companies and funds that were prepared to take on the government’s stakeholding in the nationalised bank. Additionally, Goldman Sachs altered their rating for RBS stocks from neutral to buy. This drove the Royal Bank of Scotland to 304p per share, an increase of 15.6p, or 5.40 percent, for the day.
The FTSE 100 itself increased by 63 points to close at 6513.08, extending its month-long high from yesterday’s trading. With the Original Post
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