Positive response to Brazil economy rescue deal news

FRESH signs that investors’ battered confidence could be on the mend came yesterday after the FTSE 100 Index closed up 146.1 points.

Positive response to Brazil economy rescue deal news
Fri, 09 Aug, 2002 - 01:00

News of a rescue deal for the Brazilian economy and another strong start to trading on Wall Street lifted spirits in London.

And despite a torrid session for insurer Royal & Sun Alliance, which tumbled a huge 21%, the Footsie moved up 3.6% to end the day at 4240.5.

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