15/01/14 Market Movements

The FTSE 100 closed up 53 points (0.78%) at 6,819.86.

Stock movements
Standard Life climbed 2.33% to close at 385.9p – 3.6% short of its TSP of 400p.

Market News
The World Bank suggested the global economy had come to a “turning point” and as a result raised its forecast for global growth for the first time in three years.  Forecasts issued yesterday suggest global gross domestic product will expand to 3.2% in 2014 (up from 2.4 percent in 2013).

The rosier outlook suggests the world economy is starting to break free from the long and sluggish recovery caused by the global financial crisis.