Chase Figures Help to Provide Ftse Boost ; Market Report

Summary


The FTSE 100 Index bounded more than two per cent ahead yesterday as better than expected first quarter figures from US giant JP Morgan Chase gave banks a further boost.

Barclays led the sector's rally sparked by JP Morgan's update, which was released at lunchtime and revealed profits of 2.1 billion US dollars (pounds 1.4 billion).

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Chase Figures Help to Provide Ftse Boost ; Market Report

The gains helped the FTSE 100 Index advance 84.6 points to close at 4053, despite the Dow Jones Industrial Average slipping in...

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