The FTSE 100 index is ending a turbulent week back where it started as sentiment continues to improve after Monday’s stock market rout. Stronger mining stocks helped London’s top flight to put on 0.4% or 33.89 points at 8178,86, having been as low as 7923 on Monday due to a combination of US recession jitters and a 12% slide for Tokyo’s Nikkei 225.
Leading Wall Street benchmarks closed sharply higher last night after better-than-expected jobless claims figures eased concerns that the world’s largest economy is set for a hard landing. The VIX index, which is a gauge of investor uncertainty, has also recovered after jumping 181% at one point in the stock market slump.
