A BUOYANT session for growth and technology stocks after robust results by the owner of Facebook today pushed the FTSE 100 index back near a record high.
The upbeat mood in London also reflected Wall Street's optimism that interest rate hikes by the Federal Reserve are nearly over after last night's smaller increase of 0.25% to a range of 4.5% to 4.75%.
The hopes of an imminent pivot in approach by US policy-makers meant the S&P 500 rose 1% and New York's index of mega-cap tech stocks by 4%, even though Fed chair Jerome Powell insisted the fight against inflation is far from over.
This story is from the February 02, 2023 edition of Evening Standard.
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This story is from the February 02, 2023 edition of Evening Standard.
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