FTSE 100 records biggest weekly rise in nearly four years

Markets buoyed by suggestions US central bank is unlikely to raise interest rates this year, as oil made best weekly gains for six years

The FTSE 100 has recorded its biggest weekly rise for nearly four years, buoyed by optimism that central banks would continue to support the struggling global economy.

The leading index recorded its eighth consecutive daily rise as the minutes from the US Federal Reserve's September meeting released overnight suggested the US central bank was unlikely to raise interest rates this year as many had expected.

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