FTSE holds ground after post-Twist sell-off

The FTSE 100 was up 0.66% as markets opened this morning before falling back to 5032,66 in early trading. Yesterday, it fell 4.7% to 5,041.6 to its lowest close for a month, as investors across the globe reacted to Operation Twist and the Fed's bleak accompanying warning on the economic outlook. Winners in London this morning included Inmarsat (up 1.66%), HSBC, Lloyds and Vodafone. Markets had continued their hasty retreat overnight with Asian shares tumbling sharply to close lower after a day of woe in the West. Shares in Japan and Hong Kong tumbled, ending over 2% down, after ...