US trading surge helps Footsie fight back

London’s leading share index staged a dramatic bounce-back today as investor hopes mounted for a hefty cut in US interest rates.

US trading surge helps Footsie fight back
Tue, 18 Mar, 2008 - 18:57

London’s leading share index staged a dramatic bounce-back today as investor hopes mounted for a hefty cut in US interest rates.

The FTSE 100 Index soared 3.5% into positive territory to close 191.4 points up at 5605.8, buoyed by a near-300 points surge in early Wall Street trading.

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