28th November 2011
A strong morning's trading has resulted in the FTSE 100 gaining 58 points over the course of the day so far, it has been revealed.
The Financial Times reports the UK index rose by 1.2 per cent this morning (November 28th) to a total of 5,223.29.
It is yet to be seen whether this rally will hold, but investors now seem to be heading back into the market amid fears the index has dropped too low. In addition, despite reports from the International Monetary Fund to the contrary, the news of a possible bailout for Italy has got investors interested once more.
This latest development is in contrast to trading action that was witnessed at the end of last week, with major markets around the world seeing significant reductions as a result of ongoing fears over eurozone economies and their impact on trading.
The FTSE 100 fell by 0.6 per cent last Tuesday, while the Dow Jones Industrial Average and the broader S&P 500 were down by 0.9 per cent and 1.1 per cent respectively.
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