FTSE rallies at suggestion of US rate cuts

The London market moved well into positive territory today as trading gained momentum amid hopes of more interest rate cuts in the US.

FTSE rallies at suggestion of US rate cuts
Thu, 21 Feb, 2008 - 11:25
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The London market moved well into positive territory today as trading gained momentum amid hopes of more interest rate cuts in the US.

Investors in London fed off a strong start to the day following a near 1% rise in the Dow Jones Industrial Average, powering up the FTSE 100 Index by 70.5 points to 5964.3 at mid morning.

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