Around the World's Markets: London

Tuesday 06 July 1999 23:02 BST

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LEADING SHARES reached a new high yesterday, boosted by a strong opening on Wall Street and domestic bid rumours.

The FTSE 100 finished 28.6 higher at a new all-time closing high of 6,620.6. The new record - set two months after the blue-chip index's previous peak - was driven by a strong showing on Wall Street. Dealers said the Dow's opening rally after the long holiday weekend helped the London index to erase earlier losses.

Market report, page 21

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