London market responds well to China plan

Heavyweight commodity stocks helped the FTSE 100 Index gain some ground today after China unveiled a multi-billion plan to help its economy.

Mon, 10 Nov, 2008 - 17:09

Heavyweight commodity stocks helped the FTSE 100 Index gain some ground today after China unveiled a multi-billion plan to help its economy.

Traders hoped the move - a US$586bn (€458.3bn) package of spending, subsidies and tax cuts - would help stave off a slowdown - and sent the London market 4% higher at one point.

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