FTSE moves up

A strong end to the week in New York ensured the FTSE 100 Index established a foothold above the 5500 barrier today.

FTSE moves up
Mon, 11 Aug, 2008 - 12:37

A strong end to the week in New York ensured the FTSE 100 Index established a foothold above the 5500 barrier today.

Wall Street rallied by more than 2% on Friday after a surge in the dollar and another plunge in oil prices eased some of investors’ worries about losses at mortgage finance company Fannie Mae.

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