US stimulus hope helps FTSE to five-month high

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The FTSE finished at its highest closing level in more than five months today as investors were buoyed by the prospect of further fiscal stimulus in the US.

London's leading index finished at 5,747.35, a gain of 1.51% and its highest close since 27 April. Mining stocks were among the best performers, with Vedanta Resources up 5.73% at £23.43 and Anglo American, up 5.24% at £28.80, while ICAP and Wolseley have also significantly contributed to the FTSE's performance. Meanwhile, Burberry Group closed down 3.18% at £10.06p, while Standard Chartered ended the day down 1.65% at £18.77 after announcing plans for a £3.3bn rights issue. European markets followed London's lead, with the French Cac up 2.06% to 3,826.1 and the german Dax advancin...

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