Footsie Scales the Heights As Rate Peak Hopes Grow ; Market Report
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Summary
THE fabulous Footsie sent pulses racing amid widespread takeover speculation and a growing belief that UK loan rates have peaked. It soared 88.8 points to finish at a 27-month high of 4659.6 as cash- rich fund managers got the final quarter off to a rip-roaring start.
A Chartered Institute of Purchasing and Supply survey that showed manufacturing growth in the UK at its lowest level since July last year made dealers scale back expectations of another rate rise before the end of the year.See the full content of this document
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Footsie Scales the Heights As Rate Peak Hopes Grow ; Market Report
Recent surveys on the housing market and retail sales have also suggested that the five increases in the cost of borrowing are starting to bite.
Wall Street rose 116 points at the outset ...See the full content of this document
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