Stock markets in London and Europe rallied this morning on optimism that Washington was edging closer to a deal to raise the US debt ceiling and avoid a default.
Tracking Wall Street and Asia higher overnight the FTSE 100 rose 49.52 points, or 0.6 per cent, to 7,772.78, and the FTSE 250 put on 101.41 points, or 0.5 per cent, to 19,316.77. On the Continent, Germany’s Dax was up 1.5 per cent and the CAC40 in Paris gain by nearly 1 per cent.
Among the risers in London was ConvaTec Group, adding 9p, or 4.1 per cent, to 224p after the medical devices company lifted its full-year revenue guidance. Having come under heavy selling pressure yesterday, the retailer JD Sports and credit data company