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Fears over North Korea troubles ease.

THE London market's relief rally continued on Thursday as concerns over North Korea eased and blue-chip mining stocks surged on robust economic data from China.

The FTSE 100 Index closed up 65.36 points to 7,430.62, as European stocks regained lost ground as the sell-off sparked by American's stand-off with Pyongyang appeared to have run its course.

The top-flight was also bolstered by London-listed mining companies, thanks to better-than-expected Chinese manufacturing figures.

Across Europe, Germany's Dax was up 0.4% and the Cac 40 in France rose 0.6%, On the currency markets, the pound was down 0.3% against the US dollar at 1.288 after Bank of England official Michael Saunders said a "modest" interest rate hike is needed to curb surging inflation.

Sterling was also 0.2% off versus the euro at 1.08.

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Publication:Birmingham Mail (England)
Date:Sep 1, 2017
Words:139
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