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FTSE 100 climbs 0.7 pct on ECB stimulus signs

English.news.cn   2014-08-27 07:24:47

LONDON, Aug. 26 (Xinhua) -- FTSE 100 Index, the British benchmark stock market gauge, Tuesday was up 0.7 percent, or 47.51 points, to 6822.76, due to the stimulus signal from the European Central Bank (ECB) and the revenue growth of advertising group WPP.

European stocks jumped to their highest level so far in August on Monday after ECB president Mario Draghi signaled that policy makers are ready to add stimulus. London's stock market closed yesterday for the Bank Holiday.

WPP, the world's largest advertising company, announced that its revenue in the first half of 2014 was 5.469 billion pounds (9.1 billion U.S. dollars), 2.7 percent higher than a year earlier. It also exceeded the average estimate of 5.13 billion pounds compiled by Bloomberg.

International Consolidated Airlines Group's share prices increased 3.50 percent, topping gainers of the blue chips. CRH, Ashtead Group, WM Morrison Supermarkets and Associated British Foods increased by 2.97 percent, 2.42 percent, 2.31 percent and 2.10 percent respectively. WPP's share price gained 1.39 percent.

Antofagasta led the top losers of blue chips with a share price drop of 1.18 percent, followed by Rechitt Benckister Group (1.04 percent), Rio Tinto (1.03 percent), Fresnillo (0.98 percent) and Smith & Nephew (0.76 percent).

Trading in FTSE 100 companies was around 10 percent below the 30-day average for this time of day. The index gained 4.21 percent so far this year when adjusted in U.S. dollars.

Editor: An
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