The broad-based rally reflects a shift in market sentiment following a U.S. jobs report that landed softer than anticipated. By easing fears of further monetary tightening, the data triggered a wave of buying across London's equity markets. The midcap FTSE 250 mirrored this optimism, climbing 0.4% to reach its strongest position in two weeks.
FTSE 100 Hits Two-Month High as Rate Hike Anxiety Recedes
A cooling U.S. labor market has provided the catalyst investors were waiting for, sending the FTSE 100 to its highest level since late April. The blue-chip index surged 1.7% to close at 10,652.9 points, fueled by the prospect that the Federal Reserve may temper its aggressive interest rate strategy.
Comments (0)
No comments yet. Be the first!