FTSE 100 excelled most of its European peers in strong showing at the bourses as markets worldwide debate on when and how the Fed will usher in a tapering regime for its monetary stimulus programs. Market sentiment soared as news emerged of Ladbrokes-owner Entain plc receiving a fresh takeover offer from US based sports betting company Draftkings. Evergrande relief too added to the positive sentiment.
The FTSE 100 is currently trading at 7079.74, up 1.42 percent or 98.76 points from previous close. At this level, the benchmark is 1.94 percent below the 52-week high of 7220.14.
The day's trading has been in the range of 6980.98 and 7079.75.
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