Printer Friendly

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.

COPYRIGHT 2017 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Birmingham Mail (England)
Date:Sep 1, 2017
Previous Article:Mayweather victory saved bookmaker from a 'bloody nose'.
Next Article:Jimmy Choo profits rise by 174%; retail.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters