FTSE climbs after 'fiscal cliff' is averted

on 02/01/2013 09:14:40

A deal reached by American politicians on spending cuts and tax rises has sent the main London stock market soaring.

The FTSE 100 opened more than 1% higher, as Congress avoided a so-called fiscal cliff which could have sent the US economy back into recession.

The Dublin stock exchange has also risen by a more modest 0.61% this morning.