FTSE rises to fresh five-year highs
LONDON (Reuters) - Britain's benchmark FTSE 100 .FTSE equity index extended gains on Wednesday to rise to fresh five-year highs, and breached a key psychological level which some traders said could induce bigger moves higher.
The FTSE 100 was up by 0.4 percent at 6,401.79 points by 1003 GMT - breaching the key 6,400 point level.
The stock market extended earlier gains after minutes from the Bank of England signaled a greater likelihood of more monetary stimulus measures, which have boosted equity markets around the world.
The FTSE 100 last traded above the 6,400 point mark in late May 2008.
(Reporting by Sudip Kar-Gupta; Editing by Toni Vorobyova)
- China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan |
- Israel pounds Gaza despite international peace efforts |
- Train carrying MH17 bodies on final journey reaches Ukraine city |
- Islamic State crushes and coerces on march towards Baghdad
- Jokowi party claims victory in Indonesian presidential election