Britain's FTSE rises again

Comment on this story
FSTETrader1234 Reuters. A trader monitors the screen on a trading floor in London.

London - Britain's top share index notched up further gains early on Monday, in tandem with a late rise on Wall Street in the previous session, helped by talk of a short-term deal which could break the budget impasse in the United States.

London's FTSE 100 was up 20.36 points, or 0.3 percent at 6,174.77 by 10:05 SA time, remaining at four-and-a-half year highs.

Trade, however, was expected to be quiet with heavy snow causing havoc for city workers in London and the United States closed for Martin Luther King junior day.

In the United States, Republicans said the House would consider a bill to raise the US debt ceiling enough to allow the country to pay its bills for another three months, which would buy time for the Democratic-controlled Senate to pass a budget plan that shrinks the federal deficit. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines