UK Stocks Close at Over 5-Month High (Market Trading)


#ftse100 #cac

The FTSE 100 closed up 64 points or 0.9% at 7,674 on Friday, a level not seen since the end of July, supported by a weaker pound. December's retail trade data showed British consumers failed to increase their spending for a fifth month in a row, adding to concerns about the economy and raising expectations that an interest rate cut by the Bank of England would be delivered later this month. In addition, hopes that Chinaโ€™s economic recovery is picking up pace lifted sentiment globally. Other major European stock indexes finished higher: the DAX 30 rose 97 points or 0.7%; the CAC 40 climbed 62 points or 1%; the IBEX 35 jumped 109 points or 1.1%; and the FTSE MIB advanced 201 points or 0.8%.


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