FTSE enjoys strong start

The FTSE 100 Index surged ahead today as traders were buoyed by news of a multi-billion plan to boost the Chinese economy.

FTSE enjoys strong start
Mon, 10 Nov, 2008 - 11:26

The FTSE 100 Index surged ahead today as traders were buoyed by news of a multi-billion plan to boost the Chinese economy.

The $586bn (€455bn) spending package – a mix of spending, subsidies and tax cuts aimed at fending off a slowdown – was a shot in the arm for the FTSE’s heavyweight mining stocks.

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