In London, markets began to recover after heavy losses yesterday and some equally dire losses in early trading. The Fed's decision to cut US interest rates helped boost the market and the FTSE 100 closed up 165 points (2.96%) to 5,743.2.
Lloyds TSB made the biggest gains, after suffering badly in Monday’s slump, up 48.25 (12.92%) to 421.75p. Anglo American followed with a gain of 292 points (12.41%) to £26.45. Imperial Tobacco shares fared badly, losing 100 points (4.17%) to £22.98, while BT dropped 3.75 points (1.46%) to 253.75. On Wall Street, markets fell in early trading, though major shocks were cushioned by the Fed’s decision to cut interest rates to 3.5% and the Dow Jones lost 81.21 (0.67%) to 12,018.09. Home Depot shares recovered from a succession of losses, adding 1.92 (7.31%) to 28.20, while JP Morgan Chas...
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