A REPORT showing Japan’s factory output rebounded from a record drop seen following the earthquake and tsunami helped lift world markets today.
Investors were also more optimistic about the Greek debt crisis after an official from the European Central Bank indicated that the country could get further billions in aid from its fellow euro countries.
Leading stocks markets in Asia were up by almost 2% overnight, while the FTSE 100 Index was 1% or 61.9 points higher at 6001.8 on London’s return following the holiday weekend.
With little in the way of corporate updates, investors were focused on building supplies firm Wolseley after it was reported to have put three of its UK divisions up for sale, including Build Center. The FTSE 100 Index company, which is due to post a trading update this week, rose 4% or 76p to 2067p.
Other risers included credit checking firm Experian, which climbed 24.25p to 800.25p, after broker Credit Suisse issued a positive note on the stock and raised its target price to 910p.
And support services firm Serco added 12.5p to 570p after it announced the acquisition of Indian business services firm Intelenet for up to £385 million.