1st February 2012
The UK's blue chip index has seen gains this morning (February 1st) on the back of improved risk appetite among investors.
A fresh string of solid results by some of the most valuable companies on the index has helped boost trading figures so far today, with gains on the continent also helping to shore up investor confidence, Reuters reports.
It follows an unexpected announcement from China that the nation has seen its manufacturing sector - a key consumer of commodities and raw materials and a driver of markets - improve during January.
"Risk sentiment generally improved on the data's release as fears over an economic hard landing receded," commented Ashley Davies, analyst at Commerzbank.
An increase of 1.2 per cent was seen on the FTSE to 5,748.62 as of 09:12 GMT.
Yesterday afternoon also saw a positive shift for the index, with a one per cent rise recorded following a better-than-expected forecast for risk for the coming year.
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