FTSE 100 set to add 25 to 30 points?

Financial bookmakers have predicted that the stock exchange will see the TFSE 100 add 0.5 per cent or 25 to 30 points after it closed 97.88 points (1.8 per cent) higher yesterday (March 17th) at 5,696.11.

This has brought some calm to the market, according to Reuters, after Group of Seven ministers agreed to hold back a rising yen in the midst of the Japanese fight to prevent a nuclear disaster.

The Nikkei Japanese index advanced by 2.7 per cent on Friday having shed ten per cent as a result of the earthquake that struck the country last week.

Dealer at Capital Spreads Jonathan Sudaria said: "Whilst Japan's nuclear crisis doesn't appear to be abating any time soon, traders are now fully aware that the full weight of the G7 is ready to do whatever it takes to ensure stable markets."

Yesterday, the news agency reported that the FTSE 100 bounced back sliding up by 0.9 per cent to 5,646.70 points.