Stocks perk up but Primark owner AB Foods slumps
Stock prices in Europe and Asia were supported by the tantalising prospect of Federal Reserve interest rate cuts, shaking off geopolitical worries. Jobs data revisions in the US added to the conviction that the Fed will cut this month. Elsewhere, earnings from Oracle impressed overnight. The FTSE 100 index rose 23.65 points, 0.3%, at 9,266.18. The FTSE 100 has risen every day this week. The...