MARKET REPORT

US markets seemed detached from the reality on the ground yesterday, as they helped drag their European cousins upwards.

The FTSE 100, which had been fairly stable up until the opening bell in New York, jumped as it saw the upbeat mood on the other side of the pond.The index closed the day up 66.47 points, or 1.1%, to 6,225.77.The pound was 0.6% lower against the euro at 1.0927, and fell 0.5% when buying dollars, at 1.2276.

The biggest risers on the FTSE 100 were IAG, up 8.8p to 230.6p, Standard Chartered, up 16.6p to 439.2p, Kingfisher, up 8.4p to 223.1p, Pearson, up 20.4p to 582.4p, and BP, up 10.3p to 314.9p.

The biggest fallers were GVC Holdings, down 20.8p to 742.8p, Flutter Entertainment, down 225p to 10,820p, Avast, down 9p to 522.5p, Unilever, down 76p to 4,443p, and Aveva, down 66p to 4,060p.