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Article: Upbeat mood sees Footsie make a smart turnaround; MARKET REPORT.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The FTSE 100 Index leapt 1.6 per cent yesterday as an upbeat mood and strong start on Wall Street bolstered the market.
London's blue chips staged a striking turnaround during the session after downbeat manufacturing and home sales figures hit the US stocks before the weekend.
But a reversal in sentiment saw the Footsie rise determinedly in late trading to end up 83.5 points at 5165.7.
In the US, investors took cheer from more takeover news from Xerox ...