Chinese surge fuels FTSE 100

The London market surged to a new high for 2016 as global markets raced ahead following strong economic data from China.
By The Newsroom
Published 13th Apr 2016, 17:49 BST
Updated 13th Apr 2016, 17:52 BST
An office worker watching the FTSE 100An office worker watching the FTSE 100
An office worker watching the FTSE 100

The FTSE 100 Index was up 1.9 per cent or 120.5 points to 6,362.89 after Chinese exports rose 11 per cent, brightening the outlook for global trade. Across Europe, Germany’s Dax climbed 2.7 per cent and the Cac 40 in France rose 2.9 per cent. The pound was down 0.4 per cent against the dollar at 1.42, but was up 0.5 per cent against the euro at 1.25.

The surge from commodity stocks overshadowed a dismal day’s trading for supermarket giant Tesco.

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Related topics:LondonChinaTescoEuropeGermanyFrance