FTSE ends day with 3% rise after US rate cut

The FTSE 100 Index jumped nearly 3% today after an emergency interest rate cut in the US buoyed investors.

Tue, 22 Jan, 2008 - 17:15

The FTSE 100 Index jumped nearly 3% today after an emergency interest rate cut in the US buoyed investors.

During a rollercoaster session for blue chip shares, the Federal Reserve’s unexpected chop of 0.75% to try and boost the US economy saw the Footsie end the day 161.9 points up at 5740.1.

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