perfect design thanks generic drugs site 0824: The FTSE 100 has opened strongly, trading 32 higher at 6,680, as markets rebound after some US data-inspired falls on Friday afternoon. The disappointing US jobs report has now sparked hopes that the Fed would delay its tapering programme until the end of the year. Providing support to markets this morning was the weekend’s news that activity in the Chinese services sector picked up last month. The official non-manufacturing purchasing managers’ index (PMI) for July rose from 53.9 to 54.1. Services PMIs are due out in the Eurozone, UK and US today. Analysis out this weekend by Goldman Sachs suggested that the FTSE 100 could reach 7,500 within 12 months’ time, ahead of its previous closing high of 6,930 reach in December 1999. This new target represents 13 per cent upside from current prices.
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