FTSE 100 up as Fed sounds softer tone than feared

The FTSE 100 forged ahead on Thursday as a less “hawkish” than feared rate cut by the US Federal Reserve and a brighter US economic outlook spurred stocks, despite some fresh AI worry.

The FTSE 100 index closed up 47.63 points, 0.5%, at 9,703.16. The FTSE 250 ended 21.13 points higher, 0.1%, at 21,852.10, and the AIM All-Share ended up 1.04 points, 0.1%, at 747.66.