LONDON: UK stocks opened higher, Britain’s FTSE 100 increased 61 to 65 points or 1 percent on Wednesday
The UK blue chip index closed down by 0.6 percent, or 40.79 points, at 6,811.61 points on Tuesday.
Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. ARM Holdings provides the technology that powers the iPhone 6.
A fluid catalytic cracking unit at BP Plc and Husky Energy’s Toledo, Ohio, refinery is expected to be shut for a week after a component tripped, according to a person familiar with the plant.
Oil fell more than 1 percent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.
London copper moved away from 5-1/2-year lows on Wednesday, propped up by a weaker dollar after a drop in U.S. capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates.
