"The FTSE is definitely benefiting from the pound's rather severe slump, especially against the dollar and the fact that major commodity stocks have outperformed," Mr Campbell said.London listed shares of mining firms BHP and Rio Tinto rose more than 1.5 per cent each, while oil and gas majors BP PLC and Royal Dutch Shell climbed more than 1 per cent.Italian shares finished 0.
Some analysts stressed the longer-run hope offered to markets by both the Fed and the ECB's move to halt or even turn around monetary tightening. "By turning as dovish as it has, the Fed perhaps creates better conditions for equities to perform well, for business sentiment to do better and that may come through in the euro area," said John Davies, G10 rates strategist at Standard Chartered Bank in London.
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