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FTSE strongly ahead after see-saw week | FTSE strongly ahead after see-saw week |
(about 5 hours later) | |
(Close): After a week of see-sawing, London's main benchmark index rose sharply on Thursday, after Chinese shares rebounded strongly overnight. | |
The FTSE 100 closed up 212.83 points, or 3.6%, at 6,192.03, with markets in Germany and France also making strong gains. | |
Shares opened higher and then surged ahead in afternoon trading after US GDP figures were revised up sharply. | |
Miners led the way, with Anglo American and BHP Billiton jumping more than 9%. | |
Antofagasta and Rio Tinto also performed well. Away from mining, Standard Chartered bank closed up 7%. | |
Only one stock, hotel and restaurant group Whitbread, lost ground. | |
The US Commerce Department said the country's economy grew by 3.7% between April and June, much higher than its first estimate of 2.3%, which helped to boost investor sentiment after a trying week on global markets. | |
On the currency markets, the pound was down half a cent against the dollar at $1.5409 and up almost half a cent against the euro at €1.3712. | |