FXStreet (Mumbai) – A rise in the share price of Barclays pushed the London’s Ftse index higher on Wednesday by 1%. However, the index continues to hover near a six month low on account of the rout in the Chinese markets.
At the moment, the Ftse index is up 1.12% at 6504.00 levels. The Mining index has managed to rise about 0.7%, despite the weakness in the commodity prices. Oil and Gas index has rallied 2% as well.
Barclays rises more than 3%
Barclays’ shock move to axe chief executive Antony Jenkins sent the bank’s shares higher today as the group said it wanted a new leader to speed up the pace of change at the lender. Currently, the share price is up 3.22%.
Other major gainer include Hikma, Aviva, Glencore Xstrata. On the other hand, losing side includes Barrat, Standard Chartered, Taylor Wimpey.
(Market News Provided by FXstreet)