FTSE Index Gains in London

London's financial markets experienced notable gains on Friday, reflecting a return to stability across European trading. The FTSE 100 index rose by 23.13 points, or 0.28%, closing at 8,168.1. Other European indices also saw upward movement, with France's Cac 40 increasing by 0.31% and Germany's Dax index up by 0.12%. AJ Bell's investment director, Russ Mould, attributed this positive trend to encouraging data from the US economy, particularly lower-than-expected jobless claims, which eased recession fears and rendered recent calls for emergency rate cuts by the Federal Reserve seemingly premature. Mining stocks played a significant role in the FTSE 100's ascent, buoyed by a rise in Chinese inflation that alleviated concerns over deflation and economic slowdown. The British pound also strengthened, gaining 0.14% against the US dollar and 0.1% against the euro. In corporate news, shares of Hargreaves Lansdown climbed by 2.3% to 1,102p following an announcement of a cash payout and dividend for investors. In the property sector, Bellway's shares rose by 3.4% to 2,748p after the housebuilder expressed optimism about the market's future, despite a significant drop in home sales over the past year. The company cited falling mortgage rates and rising wages as factors boosting consumer confidence. Additionally, CMO Group reported encouraging sales in its plumbing division, contributing to its stock's positive performance. Oil prices also saw an uptick, with Brent crude rising by 0.37% to $78.24 per barrel, reflecting renewed optimism about global economic growth.