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

Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read