London benefits from American markets enthusiasm

UK investors have reacted positively to the upturn in the American markets yesterday following speculation that the US Federal Reserve might today decide to lower interest rates. In London the benchmark index the FTSE 100 rose 34.2 points to 5585.8 and the Techmark gained 10.31 to 2028.78 with telecommunication stocks gaining value. Marconi rose 15.5p to 379.5 and Colt gained 48p to 873p. Other gainers included Energis, which rose 9.5 to 320p and ARM, which gained 10p to 315p. British Telecom rose 15p to 515p. The prospect of a cut in US interest rates lifted the American markets yes...