London follows Wall Street recovery

The London market bounced back to the 4,200 level today after a strong start on Wall Street boosted sentiment.

The US’ key index, the Dow Jones Industrial Average, surged nearly 250 points in the first few minutes of trading this afternoon, as investors expressed relief over corporate earnings.

Traders were cheered with figures from financial services group Citigroup and chipmaker Intel. Although Intel’s figures came in at the low end of expectations traders were pleased with forecasts of higher revenue.