FTSE responds positively to G20 agreement

A surge of optimism pushed the FTSE 100 Index up more than 4% today after positive financial news combined with an agreement by world leaders aimed at combating the global economic crisis.

As the G20 Summit announced a deal to make 1 trillion US dollars (€742bn) available to the world economy through the International Monetary Fund and World Bank the Footsie closed up 169.4 points at 4125.