FTSE climbs 1% as miners recover with Johnson Matthey leading the way

Discussion in 'Market News' started by Lily, Nov 20, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Techonology firm positive on future of diesel cars and returns £305m to investors

    Leading shares have shrugged off the prospect of a US rate rise in December and the continuing concerns about security in the wake of the Paris attacks.

    The FTSE 100 is up 65.05 points at 6344.02, with analysts pointing out that markets have hated the recent uncertainty over US rates, so any signs of a decision would be welcomed. The Bank of Japan keeping its rates on hold has also given some support. Connor Campbell, financial analyst at SpreadEx said:

    After months of wishy-washy, non-committal statements from Yellen and co., the market-dragging uncertainty that has dominated periods of 2015 appears to be dissipating. Of course, markets being as fickle as they are there could soon be a switch in sentiment and a return of rate-hike fearing investors. However, for now the positive trading coming out of the US is lifting the markets as a whole.

    Johnson Matthey is confident it has the technologies to meet new legislation. Tightening of emissions requirements should continue to present opportunity for the catalyst providers, in our view.

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