News wire article from our research archive:
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U.S. Fed news boosts London stock market higher
- Article from:
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Xinhua News Agency
- Article date:
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July 9, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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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