FTSE 100 biggest gain in its history rises by almost 10%
Posted by admin on 25 November, 2008 under Business news | 
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With the UK’s Chancellor pumping £20 billion into the UK economy with a VAT rate cut of 2.5% and the US Treasury bailing out Citibank in America with a $20 billion share investment in the troubled bank, world stock markets have soared.
The Uk’s FTSE 100 jupmed by 9.84%, which is the highest jump it has seen in its history, European shares rallied too with the German Dax rising by 10.34% and the French Cac 40 posting a 10.09% gain. The Dow has risen by just under 5% today, but had posted a large gain of over 5% on Friday of last week on the news of the Citibank investment, after European markets had closed.
Week ended 3 January 2009 - In-business end of year 2008 summary | in business blog said,
[...] points on the day, which was the biggest one-day gain seen by the index since it began. Also, the UK’s FTSE 100 jumped by 9.84%, which is the highest jump it has seen in its history in November [...]
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