US ‘patriotism’ hopes underpin Footsie recovery

THE City was in a subdued mood yesterday as dealers marked the September 11 anniversary

However, by the close, slight gains by several heavyweight stocks meant the FTSE 100 Index had nudged up 35.2 points to 4210.7. The Footsie eased 46 points in the first hour of trading but hopes of “patriotic” buying on Wall Street fuelled the turnaround.

Telecoms were among those on the up with mobile phone group Vodafone rising 2p to 98p, mmO2 rising 1p to 47p and BT up 6p to 206p.