FTSE rallies for second day

The benchmark has added 76.6 points, or 1.4%, to 5695.6 in early morning trading. Anglo American, the world's second-biggest mining company, has climbed 3.1% to 2050p. Xstrata, which is making a hostile C$16.1bn bid for nickel miner Falconbridge, has advanced 2.7%to 2020p. Copper prices have risen in London for a third day on speculation the metal's 25% decline from a record last month was exaggerated as mine output fails to keep pace with demand. In Japan stocks surged as investors, heartened by an overnight gain on Wall Street, snapped up shares that had tumbled to eight-month lows e...