US stimulus hope helps FTSE to five-month high

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read