RIO News: FTSE 100 maintains gains amid strong consumer confidence - 19th May 2023, 6:00pm

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The FTSE 100 has risen as data showed British consumer confidence hit a 15-month high. Photo: Getty

The FTSE 100 and European stocks were higher this Friday, extending rallies on Wall Street fuelled by optimism over talks to avert a catastrophic US debt default.

The FTSE 100 (^FTSE) gained 0.38% to 7,771 points during midday trading, while the CAC 40 (^FCHI) in Paris gained 0.60% to 7,491 points. In Germany, the DAX (^GDAXI) rose 0.55% to 16,252 and is closing in on an all-time high.

The FTSE...

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