Around the World's Markets: London

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THE STOCKMARKET closed higher as Wall Street's strength offset fears of a domestic monetary tightening. The FTSE 100 ended 50.5 up at 6,412 in thin volume, while the midcap finished 30.6 better at 5,771.5 and the Small Cap posted a 11.9 rise to 2,572.7. Sentiment was underpinned by a strong performance in the Dow. However, dealers said the London rally was constrained by worries that the Bank of England might raise rates on Thursday.

. Market Report, page 19