FTSE bounces back on U.S. fiscal talk optimism

LONDON, Nov 19 (Reuters) - Britain's top shares rose on

Monday, recovering after last week's steep falls, on optimism

for a deal in Washington to avoid imminent contractionary

spending cuts and tax rises.

On Friday, leaders of the U.S. Senate and House said they

would be flexible in efforts to settle fiscal policy

differences, fuelling a late rally on Wall Street.

Over the weekend, leading U.S. lawmakers also expressed

confidence that a deal would be reached to avert the $600

billion "fiscal cliff".

The FTSE 100 index was up 46.65 points, or 0.8

percent, at 5,652.24 by 0808 GMT, having dropped 1.3 percent on

Friday, taking its weekly losses to 2.8 percent - the steepest

since May.

Economically-sensitive commodity stocks

and banks spearheaded the rebound on

Monday.

(Reporting by Tricia Wright; Editing by Atul Prakash)

Source: http://news.yahoo.com/ftse-bounces-back-u-fiscal-talk-optimism-081607525--business.html

space weather sunspots pac 12 tournament sun storm tri international criminal court ios 5.1