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FTSE 100 index up 20 points US equities start slightly higher Aveva the top blue-chip riser after broker upgrades 3.00pm: Aveva leads the market higher After a brief dip into the red over lunch, the FTSE 100 has reestablished a foothold in positive territory. Aveva Group PLC (LON:AVV.) has taken over from Next PLC ( LON:NXT ) as the top blue-chip performer, helping push the Footsie up to 5,592, up 20 points (0.3%) on the day. Industrial software specialist Aveva was up 7.7% at 3,527p after UBS and Investec both upgraded to a ‘buy’ recommendation on the shares. In the commodities markets, oil futures have been in demand, with Brent crude for February delivery US$1.83 dearer at US$49.45. The Footsie’s oil leviathans have risen in sympathy. “Oil prices are climbing again on Tuesday, having sharply reversed course on Monday as WTI [West Texas Intermediate] came within a whisker of US$50 a barrel, a level it hasn’t breached since early in the pandemic. It’s a sign how far things have come that rather than seeing prices plunging as numerous countries go back into lockdown, they’re stable at very reasonable levels,” said Craig Erlam at OANDA. “Of course, the vaccines have […]
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