Global markets bounce back

With the Footsie's worst performing week since 1987 and Black Wednesday finally over, investors have had reasons to be cheerful this afternoon - global markets today gained in value. The FTSE 100 rose 102.2 points, 1.9%, to 5417 and claw back part of its 4% drop while the Techmark rose 78.2 to 1942.8. Ironically, it was tech stocks that led the market upsurge. The sector gains will bring joy to investors in the sector who, of late, have grown used to bad news and profit warnings. Telecom stocks gaining in value included Colt Telecom, Telwest and Marconi adding 64p to 802p, 16p to...