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Article: U.S. Fed news boosts London stock market higher

Article from:
Xinhua News Agency
Article date:
July 9, 2008
Copyright

U.S. Fed news boosts London stock market higher

LONDON, July 9 (Xinhua) -- News that the U.S. Fed may continue to support U.S. banks boosted global markets and the London shares closed 1.3 percent higher with the FTSE 100 index ending up 89.1 points at 5,529.6.

The banking sector led the rise with Lloyds TSB up 6.65 percent, Barclays up 4.6 percent and Royal Bank of Scotland adding 3.7 percent.

Shares in market research firm Taylor Nelson Sofres jumped 11 ...

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