FTSE 100 surges, hope of recovery

The FTSE 100 went through the 4000 point mark at early trade today, jumping to 4026.2 up 165.3 point or 4.5 percent, giving hope that the London Stock market can stand strong and hold its own amid the talk the next industry to be the victim of the global crisis to be the UK insurance industry.

However traders are bracing themselves for another volatile day on the markets. It was only London that opened strongly. Stock markets in France and Germany also well. After Japan’s Nikkei finishing the week on a high with a rise of almost 3 percent.

Lloyds TSB stocks gained almost 8 percent, after talks that the government takeover will not prevent the shareholders receiving dividends.

Source: Guardian