19/06/14 Market Movements

Market news

The FTSE100 closed up 29.55 points at 6,808.11 helped by a rally in aircraft engines maker Rolls-Royce. The index was also aided by comments from the U.S. Federal Reserve who reassured investors over future monetary policy.

The Fed who earlier stated that the U.S. economy was making progress also hinted at a slightly faster pace of interest-rate rises next year, but suggested rates in the long run would be lower than previously indicated.

Rolls-Royce added the most points to the surged 8.12% after as investors welcomed the company’s £1billion share buy-back plan.