FTSE making strong gains

A positive session for US and Asian markets overnight spurred the FTSE 100 Index to further strong gains today.

The Footsie has rallied more than 250 points so far this week after investors went in search of cheap looking stocks. It rose 85.9 points to 3797.9 by mid-morning today after US stocks rallied on better-than-expected US consumer spending figures. The Dow Jones Industrial Average returned above the 7,000 barrier after a 3% improvement, while in Asia the Hang Seng was up by 4%.