Which? uses cookies to improve our sites and by continuing you agree to our cookies policy

FTSE100 hits 2009 high

French and German economic revival boosts FTSE100

Pencil and chart

The FTSE 100 index achieved a ten-month high yesterday, following France and Germany’s earlier than expected exit from recession. 

The 0.3% growth in Europe’s two biggest economies between April and June signaled an end to a year-long slump.

The London Stock Exchange responded with enthusiasm to news of a reversal in fortune for France and Germany’s economies, which have benefited from stronger exports and continued consumer spending. 

Investor confidence was also buoyed by positive vibes emanating from the US Federal Reserve about the US economy. By noon the FTSE 100 had risen 1.3% to 4,775.10 points, its highest position since last October.  

A revival in UK manufacturing exports, recent relatively healthy annual reports from the likes of Barclays and HSBC, and the strengthening pound also helped boost the London market.  

For more details on investing on the stock exchange, see the Which? guide to share dealing.

pound coins

Which? Money when you need it

You can follow @WhichMoney on Twitter to keep up-to-date with our Best Rates and Recommended Provider product and service reviews.

Sign up for the latest money news, best rates and recommended providers in your newsletter every Friday.

Or for money-saving tips, and news of how what’s going on in the world of finance affects you, join Melanie Dowding and James Daley for the Which? Money weekly money podcast

For daily consumer news, subscribe to the Which? news RSS feed here. And to find out how we work for you on money issues, visit our personal finance campaigns pages.

Back to top