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Wednesday 09th of February 2011
April 17, 2009    

Lloyds, Royal Bank of Scotland lead FTSE 100

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by Elaine Frei
Lloyds, Royal Bank of Scotland lead FTSE 100

Equities markets in Europe saw gains Friday, helped by gains in the banking sector after US bank Citigroup (NYSE: C) said that it only lost 18 cents per share in the first quarter, a better performance than analysts had anticipated.

In London, the FTSE 100 added 0.98 percent to 4,092.8 while the FTSE 250 gained 1.15 percent to 7,307.73.

Lloyds Banking Group (LSE: LLOY) turned in the best performance of the day on the 100 and led most banks higher as it added 16.61 percent, followed by Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) with a gain of 14.34 percent.

The FTSE Eurofirst 300 was up 1.58 percent to 814.69 while the Dax added 1.46 percent to 4,676.84, the IBEX was 1.76 percent higher to 9.030.9 and the CAC-40 gained 1.77 percent to 3,091.96.

Markets in the Asia-Pacific region were mixed.

In Tokyo, the Nikkei 225 added 1.74 percent to 8,907.58 while the Topix index was 1.63 percent higher to 845.57 and the Mothers market gained 1.44 percent to 319.63.

In Australia, the S&P/ASX200 was up 0.03 percent to 3,776.7 and the Sydney Ordinaries added 0.07 percent to 3,728.1, while the Hang Seng was 0.12 percent higher in Hong Kong, the Straits Times Index was up 0.25 percent to 1,896.56 and the Sensex gained 0.69 percent to 11,023.09.

Decliners in the region included the Kospi, which was down 0.58 percent to 1,329, while the Shanghai Composite fell 1.19 percent to 1,329 and the Taiex dropped 4.03 percent to 5,755.38.

Wall Street was mixed in afternoon trade at the Dow Jones Industrial Average added 0.35 percent to 8,154.11 and the S&P 500 was up 0.66 percent to 870.98 but the Nasdaq Composite was 0.04 percent lower to 1,669.74.

Crude oil prices were a bit higher but precious metals and grains declined on the session.

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