Europe Higher, Asia Lower
European stock markets were higher on Friday. In London, the Financial Times-Stock Exchange 100 index rose 73.90 points to 5232.20 level as London recovered from terrorist bombings with a show of economic force. 95 FTSE stocks rose and 4 fell on turnover of 1,410,000,000 shares. Yields on 10-year gilts rose to 4.20% from 4.19% yesterday but down from 4.22% earlier. Sterling was off at $1.7340 on speculation the Bank of England might be forced to cut rates. August Brent crude oil futures rose on short covering before the weekend. Insurers Prudential and Friends Provident were higher in rebound from yesterday's losses on bombings fears. Exel rose on positive Deutsche Bank commentary. Morgan Crucible rose on bullish profits outlook. Peacock Group rose as company posted higher June sales.
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