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FTSE edges up in early trading

FTSE edges up in early trading
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The FTSE 100 stock market index increased by 0.6 per cent in early trading today (February 6th) as investors await a key vote in the US on president Obama's economic stimulus package.

Industrial output data and PPI figures are also likely to influence stock market investments as traders try to gauge the probable length and depth of the recession in the UK.

Market analyst David Evans commented: "We expect that the FTSE will have a major negative reaction should the US non-farm payroll number one come out worse than expected."

London-based bookmakers saw the blue-chip index add up to 26 points following a flat close in the previous tradig session.

Meanwhile, Japan's Nikkei share average increased by 1.6 per cent.

Among the bank's gaining ground on the FTSE 100 were Lloyds Bank Group which was up 6.5 per cent, followed by the Royal Bank of Scotland which was up 5.5 per cent and HSBC which gained 3.4 per cent.ADNFCR-1681-ID-19013159-ADNFCR