Markets in the US were buoyed by optimism that the Federal Reserve will impose an aggressive cut in i...
Markets in the US were buoyed by optimism that the Federal Reserve will impose an aggressive cut in interest rates later today. This in turn lifted the FTSE 100 which finished the day higher on the back of a tech and telecom rally. The FTSE 100 rallied 95.2 points to 5646.8. Leading the FTSE 100 risers was telecom group Telewest with a rise of 8p to 124p. Telecom equipment supplier Marconi followed with a gain of 25p to 389p. Yesterday, Marconi slumped to levels unseen since October 1998 after its US peer Corning issued a profit warning. But Corning later posted a rise in the US swep...
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