(Alliance News) – The FTSE 100 outperformed as European equities ended the week strongly, following weaker economic data that strengthened the case for more interest rate cuts.
The FTSE 100 index jumped 112.81 points, 1.4%, at 8,262.08. The FTSE 250 climbed 231.77 points, 1.1%, at 20,581.69, and the AIM All-Share gained 6.38 points, 0.8%, at 732.20.
For the week, the FTSE 100 surged 2.5%, turbocharged by a tamer pound. The FTSE 250 climbed 0.5% and AIM All-Share rose 0.7%.
The Cboe UK 100 jumped 1.4% at 831.38, the Cboe UK 250 added 1.5% at 18,068.14, and the Cboe Small Companies rose 0.2% to 15,602.21.
In Europe, the CAC 40 in Paris added 0.6%, while the DAX 40 in Frankfurt rose 0.9%.
In New York, the Dow Jones Industrial Average was up 0.5% at the time of the closing bell in London. The S&P 500 was 0.2% higher, but the Nasdaq Composite shed 0.1%.
The pound was quoted at USD1.2511 late on Friday afternoon in London, plunging from…
