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FTSE boosted by China data, Vodafone deal

FTSE boosted by China data, Vodafone deal
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Strong Chinese manufacturing data has boosted the FTSE 100's mining stocks today (September 2nd). 

Vodafone also supported the London stock market, adding nine per cent amid reports a deal has been agreed to sell its 45 per cent stake in a US joint venture with Verizon Communications. The telecoms firm added 13.8 points to the index ahead of a deal expected to be worth around £83.5 billion.

Sentiment among investors has been boosted by a delay to any potential military action in Syria, after US president Barack Obama confirmed that he will seek the approval of Congress before launching a strike on the country. 

Last week, UK prime minister David Cameron was defeated in a similar parliamentary vote regarding an attack on the Syrian government in response to the suspected use of chemical weapons close to Damascus, which killed around 1,500 people.

As of 11:30 BST, the blue-chip index was 1.54 per cent higher at 6,511.94 points.

Posted by Greg SeckerADNFCR-1681-ID-801632299-ADNFCR