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.

FTSE ends day with 3% rise after US rate cut
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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CourtsBusinessHeathrowPlace: USPlace: LondonPlace: AtlanticPerson: Taylor WimpeyPerson: CollinsEvent: ChristmasEvent: New YearOrganisation: FTSEOrganisation: Federal ReserveOrganisation: FedOrganisation: Lloyds TSBOrganisation: Royal Bank of ScotlandOrganisation: HBOSOrganisation: BarclaysOrganisation: PersimmonOrganisation: WolseleyOrganisation: Land SecuritiesOrganisation: AstraZenecaOrganisation: CitigroupOrganisation: ShireOrganisation: GlaxosmithklineOrganisation: BT GroupOrganisation: StewartOrganisation: MorrisonsOrganisation: JD WetherspoonOrganisation: FootsieOrganisation: SchrodersOrganisation: Tui TravelOrganisation: KingfisherOrganisation: Imperial Tobacco
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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