FTSE stocks rise for second day in row

People trying to learn the stock market may be interested in the link between the British FTSE 100 index and Chinese manufacturing data, with positive news from the Asian country today (February 1st) influencing the gauge towards a second rise in two days.

The benchmark index moved up by 72.64, or 1.3 per cent, to reach 5,754.25 this afternoon in London, reports Bloomberg.

It enjoyed an overall jump of two per cent in January as fears over the sovereign debt crisis in Europe eased to a degree.

Otto Waser, chief investment officer at Research & Asset Management, told the news provider an improving economic picture in Asia and the rest of the world is crucial to the boost in British share value.

"The market has long underestimated the three-year liquidity program of the European Central Bank. That has been quite the bazooka that the market had been looking for," Mr Waser added.

Rallies also occurred in the FTSE yesterday as positive economic data came from domestic and global sources, Reuters noted.

Posted by Greg Secker