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FTSE edges up as China recovery firms FTSE edges up as China recovery firms
(35 minutes later)
(Open): London's leading shares edged up in early trading, consolidating Thursday's rebound, as the Chinese stock market extended its recovery.(Open): London's leading shares edged up in early trading, consolidating Thursday's rebound, as the Chinese stock market extended its recovery.
In the opening minutes, the FTSE 100 rose 25.69 points or 0.41% to 6,217.72. In the opening minutes, the FTSE 100 rose 26.68 points or 0.43% to 6,218.71.
On Thursday, the index saw gains of 3.6%, as investors set aside fears of a Chinese-led global economic slowdown.On Thursday, the index saw gains of 3.6%, as investors set aside fears of a Chinese-led global economic slowdown.
Energy and mining stocks drove Friday's rise, with Royal Dutch Shell up 2% and BG Group up 1.8%, while BHP Billiton and Rio Tinto added 1.8% and 1.6%.
On the currency markets, the pound was up 0.06% against the dollar at $1.5411, but down 0.11% against the euro at €1.3687.On the currency markets, the pound was up 0.06% against the dollar at $1.5411, but down 0.11% against the euro at €1.3687.