Britain’s FTSE 100 index scored a fresh near five-year closing high on Wednesday, boosted by mining stocks as the copper price jumped, while takeover talk elsewhere continued to bubble.
The FTSE 100 closed 14.5 points higher at 5,965.1, edging closer to the 6,000 level which it has not crossed since March 2001. Market watchers see a tussle at the 6,000 point with some anticipating further gains in a rally which started three years ago and has punched the FTSE up by around 82 percent since March 2003, its lowest point after a tech bubble burst in 2000.
The three most popular exchange traded funds focusing on Europe include FEZ, EZU and IEV.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.