Article: Investors Mind the Gap as Faithful Footsie Shadows the Dow.

By Angus McCrone, Evening Standard, London Knight Ridder/Tribune Business News

May 9--Anyone who harbours illusions about the importance of the British economy in the world today cannot have seen the FTSE 100 index jump or dive in servile obedience to the latest change of direction on Wall Street.

When New York's Dow Jones Industrial Average chokes on an economic figure or a profit warning, the Footsie in London chokes too. When the Dow charges ahead on news of a US interest rate cut, the Footsie follows.

However, the relationship between the two is not precise. In recent weeks, the points differential (in other words, the gap) between the ...

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