Markets Tuesday: FTSE strong, oil up again.
Investors Chronicle - magazine and web content, March, 2008
More Fed lending boosts sentiment. Jonas Crosland
Leading shares moved smartly higher after the US Federal Reserve announced an expansion of its securities lending programme that will see a further $200bn of 28-day funds made available. Early trading saw prices rise on bargain hunting only to lose half the morning's gains before bouncing back on the Fed news. The FTSE100 index rose 125.8 points to 5,754.9 while the FTSE250 index was 177 points higher at 9,848. Trading volume was reasonable at GBP1.15bn.
Vodafone was among the leading gainers this morning, FT.Com reports. The telecoms group was up 2.4 per cent to 155p as Goldman Sachs added the stock to its "conviction buy" list. "We expect Vodafone to continue to benefit from growth in wireless data...
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