The London market started the fourth quarter strongly yesterday as positive economic data from the US and renewed optimism over Spain's banks boosted investor confidence.
The London market started the fourth quarter strongly yesterday as positive economic data from the US and renewed optimism over Spain's banks boosted investor confidence.
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The FTSE-100 Index closed 78.4 points higher at 5820 after stress tests published on Friday showed the Spanish banking industry to be less vulnerable than expected.
Better-than-expected US manufacturing data for September also lifted spirits as a key purchasing managers index reading rose to 51.5 from 49.6, signalling a return to growth.
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