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FTSE 100 ends higher for fourth session on trade deal hopes, TalkTalk slides

by_shashwat_awasthi
FTSE 100 ends higher for fourth session on trade deal hopes, TalkTalk slides

The FTSE 100 closed up 0.7 percent, posting its best week since December 2016, and the more domestically-focussed FTSE 250 closed 0.5 percent higher, outperforming European stocks. "This week's dovish turn from the Federal Reserve, reinforcing the change of tone from various policymakers through January has helped to increase confidence about the prospect for further gains in the days and weeks ahead," said CMC Markets analyst Michael Hewson. Markets got a boost when U.S. President Donald Trump said he would meet Chinese President Xi Jinping soon to try to seal a comprehensive trade deal and the top U.S. negotiator reported "substantial progress" in two days of high-level talks.