FTSE inches upwards as global concerns spark volatility

The top share index in the UK edged very slightly higher despite ongoing instability in markets all over the globe. By the close of trade the FTSE 100 was up by 0.08 per cent, inching higher to reach 6304.

Markets have been in for a rough ride recently with uninspiring news coming from the Bank of Japan and ongoing concerns regarding economic policy in the US. In the morning session, the blue chip index fell to a low of 6206 before some better than expected data from across the pond helped to boost trade later in the day.

Some analysts have questioned the likely market response to a full blown Fed exit, given the sharp falls which have been seen globally merely as a result of a...