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Pharmaceutical shares – seen as defensive stocks – are among the top performers, with GlaxoSmithKline, AstraZeneca and Shire all rising about 1%.
"It's fair to say that we are approaching the shares seen at the peak of the last great immigration wave" at the beginning of the 20th century, said Jeffrey S. Passel, senior demographer at the Pew Hispanic Center.
In the stock market, fears of higher interest rates wrecked havoc among Internet shares, seen as particularly vulnerable because of their sky-high valuations.
7.49am BST City traders reckon M&S's shares are going to pick up a little this morning: 07:43 - MARKS & SPENCER'S SHARES SEEN OPENING 1 PERCENT HIGHER AFTER UPDATE - TRADERS 7.48am BST Joshua Raymond (@Josh_CityIndex) you have to question how much of a 'rush' the new.com site for #M&S for teething issues to impact -8.1% online sales?
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Institutional investors and hedge funds shorting its shares saw incompetence; those buying smelled blood.
The end of 1974 turned out to be an excellent time to buy shares (see chart).
As the yen came off its highs, investors piled into shares (see chart).
Continued volatility in banking shares saw Standard Chartered rise 50p to £18.25.
The cigarette giants pamper investors with big dividends and share buy-backs; they have flocked to tobacco shares (see chart).But the going is getting tougher.
Bank of America shares saw big trading by volume on Thursday.
Its shares see added pressure with tomorrow's expected stock offering from competitor Webvan.
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