Global markets soar on upbeat economic data; FTSE up 2.7%

The Dow Jones climbed more than 250 points, or 2.51%, to 10,265.61 after just two hours of trading, while the broader S&P 500 jumped 2.78% and the tech-heavy Nasdaq soared 2.94%. Global stocks are also seeing their best rise since May, with the MSCI World Index adding 2.8% by 11am New York time. London's FTSE posted triple-digit gains, advancing 141 points, or 2.7%, to 5,366, its strongest daily performance since 6 July. Elsewhere, the French Cac and German Dax also soared. M&A rumours boosted most of the top FTSE performers. TUI Travel closed 7.5% higher following reports majorit...