FTSE 100 nears 5,800 as markets rise on manufacturing data

Stockmarket Stock FTSE 450

European markets have made gains for a fourth consecutive day after positive data from both China and the eurozone.

At close, the FTSE 100 was up 0.7 per cent to stand at 5791.03, while the French Cac 40 and the German Dax were up 0.6 and 0.8 per cent, respectively. The FTSEurofirst was also up 0.6 per cent.

Markets were buoyed by figures which showed China’s manufacturing sector rose for the first time in 13 months. Renewed hopes of a deal on Greece from German chancellor Angela Merkel also boosted market as did improved manufacturing data for France, Germany and rest of the eurozone region this morning.

SAB Miller has made the biggest gain in the FTSE 100 with its share price jumping 6.4 per cent after the brewer reported a 12 per cent rise in first half profits. Evraz and Johnson Matthey also saw their shares rise by 4.9 and 4.5 per cent, respectively.

Asian markets ended the day in positive territory with the Nikkei 225 in Japan up 1.6 per cent and the Hong Kong Hang Seng up 1 per cent. US markets are closed on Thursday and a half-day on Friday for Thanksgiving.