PBR-FTSE heads for 9% rise

The blue-chip index rose to 4,104.03 shortly after the Chancellor's speech, up 8.54% or 323.07 points. Significant gains for Eurasian, Fresnillo and Kazakhmys played their part while a near 5% loss for Standard Chartered was hindering the FTSE's progress. In the US, a volatile opening saw the Dow Jones advance 0.86% to 8,115, helped mostly by a 40% gain for Citigroup. An early 11% gain for Bank of America and a 6% upward shift for AT&T also suggested a positive day on Wall St. The majority of Asian markets fell today, while Japan was shut for a holiday. Contact: Scott Sinclair, Ne...