Share Prices: As Interest Rate Fears Ease, Markets Relax ; Market Report

Summary


The FTSE 100 Index yesterday hit its highest level since mid-May as interest rate worries which have blighted global stock markets for more than a month showed signs of easing.

The Footsie leapt 112.9 points to 5791.5, a rise of two per cent, as expectations ahead of the US Federal Reserve's decision on interest rates were for a quarter of a percentage point rise, rather than the half-point hike some had feared.

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Share Prices: As Interest Rate Fears Ease, Markets Relax ; Market Report

The Dow Jones Industrial Average also started strongly with gains of around 100 points.

Back in London - where a...

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