LEADING shares closed sharply higher as worries over the outlook for US interest rates eased. The FTSE 100 closed up 138.9 points at 6,153.3.
The optimism on monetary policy triggered a sharp rebound from recent losses in banks, pharmaceuticals and telecoms. The FTSE 100 has more than recouped its 148-point drop two days ago. Traders said there was genuine buying interest but did not expect the rally to last in the short term.
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