FTSE 100 gains 1% as Bernanke’s comments ease market concerns


The FTSE 100 firmed 1 per cent on Thursday, closing 62.43 points ahead at 6,634.36, with the London Stock Exchange leading the topflight rally.

The LSE, surged 7 per cent to 1,590p following the announcement of its expectation beating first quarter revenues, which jumped almost 40 per cent to £250m, up from £180 a year earlier.

Reassurance from Federal Reserve chairman Ben Bernanke on Wednesday that there was no ‘preset course’ for ending its massive quantitative easing programme sent markets on a positive course throughout the day with both the Dow Jones and S&P 500 enjoying gains.

In the UK, fund manager Aberdeen Asset Management and discount air carrier Easyjet rose 4 per cent apiece to 414.7p and 1,406p with the latter enjoying an upgrade from broker JPMorgan. Royal Bank of Scotland was the highest riser among the banks, also adding 4 per cent to 334.4p.

Miners were among the fallers on the day with Randgold Resources and Fresnillo each off 1 per cent to 4,457p and 1,031p respectively.