Global Markets Rally As Confidence Returns ; Economy Today: Markets

The JournalAugust 24, 2010

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Summary


STOCK markets moved higher on both sides of the Atlantic yesterday as investor confidence bounced back following recent economic uncertainty. America's Dow Jones Industrial Average rose around 70 points soon after opening as a pick-up in merger and acquisition activity boosted sentiment.

The FTSE 100 Index in London followed suit, up 1.3% after a 66.7 point rise to 5262, marking a welcome return to positive territory after three consecutive sessions in the red.

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Global Markets Rally As Confidence Returns ; Economy Today: Markets

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