European bank lifeboat plans lift markets

The blue chip index jumped to 5,072 points initially, before settling at 5,000.23 points by 8:54am, with miners and banks taking the index up 1.1%. The rally in the UK followed gains in the US overnight where investors sent the S&P 500 up 2.3%, or 24.7 points, to 1,123.95. The Dow also finished higher, up 1.4% or 153 points to 10,808, as markets made a stand following a sharp sell-off in the last few days. Meanwhile, in Europe shares also climbed, with the French Cac 40 up 1.7% or 47.41 points, at 2,897.96, and Germany's Dax up 1.4%, or 70.79 points, at 5,287.5. Stocks made gain...