FTSE at two-month high as eurozone hopes build

clock • 1 min read

The FTSE 100 was trading at its highest level since early August this morning, as optimism over the crisis in Europe continued to cheer investors.

The blue chip index rose 1.2% in early trading, putting on 64 points to reach 5,531, its highest level since the start of the sell-off in early August. Investors are cheered by the latest talk from Europe, where leaders are understood to be pushing for as quick a resolution as possible to the sovereign crisis plaguing the region. As a result, the majority of the UK's largest companies were trading higher, with just a handful of losers across the board. BP was the top riser on the day after agreeing a deal with oil and gas exploration group Anadarko - which had a 25% stake in the Ma...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot