October 1: Global share prices rise

Shares have risen globally today as the hope of a revised version of the US $700 billion bank rescue plan will be passed by the senate, an optimistic start for October.

Britain’s UK benchmark FTSE 100 share index saw a 0.9 percent increase in morning trading on October. The news of the Bank of England pumping in another $30 billion (£17 billion) into the money markets also improved the UK stocks.

The markets have reacted to the hopes that the new financial rescue plan will be passed later today. France’s Cac 40 was lifted 0.13 percent at 4,037, Germany’s Dax tumbled 0.17 percent to 5,821, Japans Nikkei index finished at 1 percent while Australia’s main index closed up 4% on Tuesday. The US top shares Dow Jones index closed up 4 percent.

As Prime Minister Gordon Brown expressed his confidents over the Lloyds TSB takeover of HBOS. The two were the biggest risers on the FTSE 100 with Lloyds TSB up 8.5 percent and HBOS up 7.3 percent.

Read the full article: BBC