Dow Jones and FTSE climb to new highs

March 06, 2013 03:11

BBC: New York's Dow Jones share index set a new all-time high on Tuesday, while London's FTSE 100 closed at it highest level in five years. The rallies mean the stock markets are returning to levels not seen since before the global financial crisis.

The Dow reached 14,273 by lunchtime in New York, exceeding the previous record intra-day high of 14,198, set in October 2007. The FTSE closed at 6,432, its highest close since January 2008. The recovery suggests investors are regaining confidence in the US and world economies following the financial crisis and global recessions of recent years.

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