British FTSE index reaches one-year high, other European markets rise
Monday, October 12, 2009
The share index increased by 48.3 points, or 0.9% to finish the day at a level of 5,210.17, a figure not seen since last September.
The best performer was the Old Mutual insurance company, reaching a sixteen-month high after gaining 4.6%.
Some economic analysts think that the FTSE index could continue to gain for the remainder of the week. David Jones, the chief market strategist at IG Index, said that "the next FTSE target traders are eyeing in the short term is the 5,350 high hit in September last year and the way sentiment is going it would not be a surprise to see that hit this week."
- "FTSE 100 closes at one-year high" — , October 12, 2009
- "FTSE finishes at one-year high, Old Mutual shines" — , October 12, 2009