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FTSE boosted by China data, Vodafone deal

FTSE boosted by China data, Vodafone deal
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