FTSE 100 rises above 7,000 for the first time


UK index of top 100 companies surpasses 7000, recording its all time high since the index was introduced in January 1984

Britain’s top share index edged through the 7,000 mark for the first time as a deal to keep Greece inside the eurozone appeared to come a step closer.

Some US analysts also gave credit to US Federal Reserve chief Janet Yellen, who this week signalled a slower path for interest rate rises in the world’s biggest economy. The Washington-based central bank indicated that while there might still be a rise in the cost of credit this year in response to some strong economic figures, interest rates would remain at modest levels for several years.

Continue reading...
view The Guardian: Economics