Friday 25 January 2008

FTSE 100 Sees Biggest Ever One-Day Rise

THE TELEGRAPH: The FTSE 100 has closed up 266.5 at 5875.80 - the largest-ever one-day points rise.

Markets across the world rebounded on the back of hopes of a rescue package for the bond insurance sector and details of a planned $150bn (£76bn) fiscal package designed to revive the US economy.

In New York, the Dow Jones Industrial Average looked set to close higher for the second day running, trading up 83.81 points at 12353.98 by early afternoon. Other US indices followed suit, with the S&P 500 10.63 points higher at 1349.23, while the Nasdaq rose 31.12 points to 2347.53.

In Europe the CAC 40 and the Dax both ended the day up 6pc.

The gains came despite rising doubts about a $15bn plan to bail out bond insurers. FTSE 100 sees biggest ever one-day rise >>> By James Quinn, Wall Street Correspondent

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