FTSE 100 lifted by post-Thanksgiving US boost

Stockmarket Stock FTSE 450

Markets have salied through the 5,800 mark as US traders returned to work after the Thanksgiving holiday and reports that a deal that will see up to €44bn released in funding to Greece.

It helped the FTSE 100 sail through the 5,800 mark to close 3.8 per cent higher over the week, closing at 5,819.

A rise in business sentiment was also reported in the latest German Ifo survey, buoying markets. However, Capital Economics chief European economist Jonathan Loynes says although it provides “some relief” it “doesn’t alter the big picture of near-stagnation” for Germany.

The biggest riser was steelmaker GKN, up 2 per cent to 218.7p. While the heaviest faller was precious metals company Polymetal International, slipping by 1.1 per cent to 1,096p.