FTSE surges past 6,000 to reach 18-month high

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Strong data from China and a deal to avert the US fiscal cliff have helped push the FTSE 100 past the 6,000 mark for the first time since July 2011.

US lawmakers' package to avert stringent budget cuts and positive manufacturing data out of China gave equity markets a boost on the first day of 2013 trading, the FTSE 100 initially rising 80 points to 5,980 at the open. Those gains were then extended as UK-listed miners led the rally, the index standing up 2% at 6,016 by mid-morning as better than expected UK manufacturing data also helped bolster sentiment. That represented the FTSE's highest level since the 6,084 reached on 8 July 2011. Resources companies Evraz, Eurasian, Rio Tinto and Vedanta all rose by between 5% and 6%, wi...

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