Barbara
User Platinum Boarder
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U.K.'s FTSE 100 Index Advances for Second Day - 2009/06/11 23:19
Hi guys! U.K. stocks climbed for a second day, led by banks and drugmakers, amid evidence the worst of the recession may be over.
HSBC Holdings Plc advanced 2.3 percent as Credit Suisse Group AG recommended investors raise their holdings in Europe’s largest lender. GlaxoSmithKline Plc increased 2.6 percent as Morgan Stanley upgraded European pharmaceutical stocks to “attractive.”
The FTSE 100 Index rose 25.12, or 0.6 percent, to 4,461.87 in London, after swinging between gains and losses more than 10 times. The gauge has rebounded 27 percent since March 3 on optimism the first global recession since World War II is easing.
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