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FTSE advances to five-year high FTSE advances to five-year high
(20 minutes later)
London's blue-chip FTSE 100 stock index has risen to a five-year high, the latest global market to benefit from a wave of buying and earnings optimism.London's blue-chip FTSE 100 stock index has risen to a five-year high, the latest global market to benefit from a wave of buying and earnings optimism.
The FTSE-100 index rose to 6,139.4, its highest mark since February 2001, as strong commodity prices boosted demand for leading mining companies. The FTSE-100 index rose to 6,143.5, its highest mark since February 2001, as strong commodity prices boosted demand for leading mining companies.
Wall Street has set several new highs over the past two weeks.Wall Street has set several new highs over the past two weeks.
The Dow Jones Industrial Average closed at its highest mark since 2000 this month, assisted by falling oil prices.The Dow Jones Industrial Average closed at its highest mark since 2000 this month, assisted by falling oil prices.
The FTSE closed above 6,000 earlier this month for the first time since May and has continued rising.The FTSE closed above 6,000 earlier this month for the first time since May and has continued rising.
Key markets around the world are bullish with India's Sensex index closing at a record high of 12,746.75 on FridayKey markets around the world are bullish with India's Sensex index closing at a record high of 12,746.75 on Friday
Just after midday, the FTSE was up 22.2 points at 6143.5.Just after midday, the FTSE was up 22.2 points at 6143.5.