Traders work on the floor of the New York Stock Exchange where gains in mega-cap stocks boosted indices. Signalling a continued pickup in investor sentiment, the “fear gauge” volatility index fell for a second day, having hit its highest level since March 2022 earlier in the week. READ MORELondonThe blue-chip FTSE 100 index ended 1.8 per cent higher in its best showing in more than four months, while the mid-cap FTSE 250 index closed 1 per cent higher. Bottler Coca-Cola HBC fell 1.5 per cent despite boosting its annual operating profit and revenue forecast and a higher first-half revenue. EuropeThe pan-European Stoxx 600 closed 1.5 per cent higher but remained below the key 500-point mark following the recent sell-off sparked by US recession fears.

Source: The Irish Times August 07, 2024 23:33 UTC