FTSE surges as US markets jump on budget deal hopes

Laura Dew
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The FTSE 100 has surged in afternoon trading - rising over 100 points - as hopes mount US politicians will agree a deal on the country's sprawling budget deficit.

Following a positive morning session, the FTSE 100 was up 103 points at 6,441 shortly after the US opened, erasing losses seen earlier in the week. Over in the US, both the Dow and the S&P 500 are also...

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