Posted by: youngragingbull | January 2, 2013

FTSE hits 6,000; first time since July 2011

U.K.’s FTSE jumped above the 6,000 level for the first time since July 2011 on Wednesday, as the much awaited budget deal in the U.S. was reached.

The index rallied 1.9% to 6,011.20.

Banks and mining firms posted some of the biggest gains in the London benchmark, with shares of Rio Tinto up 5.7% and HSBC adding 2.5%.

Elsewhere in Europe, France’s CAC picked up 2.1% to 3,716.28, while Germany’s DAX 30 rose 2% to 7,767.03. The pan-European Stoxx 600 index jumped 1.7% to 284.51.

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