Footsie up as interest rate fears ease

Interest rate worries showed signs of easing today after the FTSE 100 Index jumped 70 points and investors prepared for a strong start on Wall Street.

Footsie up as interest rate fears ease
Thu, 29 Jun, 2006 - 12:39

Interest rate worries showed signs of easing today after the FTSE 100 Index jumped 70 points and investors prepared for a strong start on Wall Street.

Spirits have been lifted by expectations that the US Federal Reserve will restrict its latest increase in borrowing costs to quarter of a percentage point tonight, rather than the half-point some had feared.

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