Markets round-up

The FTSE 100 opened 87 points lower this morning after US Fed chairman Alan Greenspan failed to deliver a big enough rate cut to lift Wall Street. And just in case the US Federal Reserve Board members are still not sure what the markets are thinking, the Dow Jones closed down 238 points at 11,405. In Tokyo it was a different story with the Nikkei registering its largest one-day gain in nine years. The benchmark index climbed 913 points, or 7.5%, to close at 13,104. The yen slipped against the dollar, suggesting Japanese investors are buying the US currency aggressively because it is stil...