Thursday May 8, 04:54 PM
London shares close touch higher, strong miners offset weak banks; Wall St ahead
LONDON (Thomson Financial) - Leading shares closed little changed on Thursday as firmer trade on Wall Street and a buoyant mining sector amid takeover talk helped to offset a weak banking sector following the Bank of England's decision to keep interest rates steady.
The FTSE 100 index closed 9.8 points up at 6,270.8, while the FTSE 250 (news) index added 101.2 points to 10,549.8.
On Wall Street, U.S. stocks rose modestly as investors reacted to a moderate pullback in oil prices and sifted through sales figures from retailers that were generally not as gloomy as anticipated.
At the UK close, the Dow Jones Industrial Average was up 62.60 points to 12,877.00, the Nasdaq Composite (NASDAQ: news) 15.59 higher at 2,454.08, and the S&P 500 index 4.32 ahead at 1,396.89.
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