Published by Alexander Bueso on 16th February 2016
(ShareCast News) - 1630:Close Stocks tracked Wall Street higher, brushing off losses on the Continent as the president of the Philly Fed, Patrick Harker argued for near-term patience when it came to tightening interest rates again. Merlin Entertainments did best on the top flight index after naming a new chief financial officer. IAG gained on the back of an upgrade out of analysts at BofA-Merrill Lynch. StanChart sank to the bottom of the pile after analysts at Morgan Stanley reiterated their underweight stance on the shares. Crude oil futures on the other hand surrendered early gains to trade lower as analysts took a sceptical view on the possibility that Iran might agree to cap its output.