FTSE spikes 150 points after US bounce

The FTSE 100 has opened 3% higher after the Dow Jones added 250 points overnight on better retail data and news of a Greek bank merger.

In London, the FTSE rose by 150 points to 5,281 in early trading, as investors reacted to the jump in US markets seen on Monday. The index is currently trading up 2.5% at 5,258. The Dow rose by 255...

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