London index climbs more than 2% as Shanghai and Wall Street finally snap losing streak

The FTSE 100 has climbed by about 150 points after a surge in stocks in China and the US.

The London index was up about 2% to 6,099 points on Thursday morning, after a rally in New York led the Dow Jones Industrial Average 619 points (3.95%) higher, ending a six-day sell-off sparked by global concerns about the health of the Chinese economy. Around midday, the FTSE 100 was 2.36% higher at 6,120 points, while Germany’s Dax was over 3% higher at 10,300.

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Source: The Guardian Circular Economy RSS