The FTSE 100 broke back through 6,000 points today (January 2nd) after US politicians came to an agreement on how to avoid the so-called fiscal cliff.
Economic data was driven upwards as confidence returned to the markets, which were also positively pushed by promising economic data from China, coupled with metal prices.
Overall, the benchmark index advanced by two per cent to 6,016.41, an improvement of 119 points, up from its best closing level for 2012 and moving past the 5,997-point peak set last year.
Barclays made the best single gain in the sector, advancing 3.5 per cent, while the FTSE 100's best single riser over 2012 Lloyds Banking Group was 3.4 per cent higher at 271.3p.
However, analysts have argued any positive movement in the market is likely to change in the near future after US lawmakers reconvene to address several unresolved issues.
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