Markets rally thanks to Fed rate cut

The rising stocks come after the US Federal Reserve cut its lending rate to banks from 6.25% to 5.75%. Kazakhmys rose 51 points, or 4.53%, to 1176p. British Energy Group rose 19.25 points, or 4.46%, to 450.75p. Rio Tinto rose 121 points, or 4.06%, to 3103p. Xstrata rose 99 points, or 3.73%, to 2755p. BHP Billiton rose 43 points, or 3.51%, to 1267p. Segro fell eight points, or 1.52%, to 519p. Reed Elsevier fell 3.5 points, or 0.59%, to 590p. Imperial Tobacco Group fell 12 points, or 0.56%, to 2148p. WPP Group fell two points, or 0.29%, to 697.5p. HSBC fell 0.5 points, or 0.06%, to ...