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| Daily Report - Friday 4th July 2008 |
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Yesterday's Market / Overnight News
Leading shares closed higher yesterday in London, after a volatile session, with banks bouncing from recent weakness and Wall Street gaining, despite disappointing economic data. At the close, the FTSE 100 index was up 50.3 points at 5,476.6, having been up as much as 64.3 and down as much as 67.8 in the session. The FTSE 250 fell 1.8 points to close at 8,656.4.
Overnight on Wall Street, ahead of the long holiday weekend, the DJIA closed 73.03 points higher at 11,288.54, while the S&P 500 index finished up 1.38 points at 1,262.90, but the Nasdaq composite index ended 6.08 points lower at 2,245.38.
Market Today
London shares look set for an easier opening this morning following a mixed close on Wall Street after yesterday's half-day session, with trading expected to be directionless as U.S. markets will be closed Friday for Independence Day and in the absence of almost any scheduled corporate news or data.
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