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FTSE 100 jumps to 10-day high as luxury stocks gain
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economictimes.indiatimes.comindex jumped to a 10-day high on Friday after upbeat earnings updates from European luxury firms boosted Burberry and Diageo, while a pullback in sterling supported shares of dollar earners.
The FTSE 100 climbed 0.8% by 0819 GMT, hitting its highest level since Jan. 16.
Boosting luxury stocks across Europe, French giant LVMH jumped 8.2% after posting a 10% rise in fourth-quarter sales.
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