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US Federal Reserve gives confidence boost to investors

Bold moves by the US Federal Reserve to kickstart the country's economic recovery gave a confidence boost to investors worldwide today.

The FTSE 100 Index mirrored the reaction of the Dow Jones Industrial Average, which closed 1.5% higher last night, by jumping 85.5 points to 5905.4.

Miners jumped by as much as 10% in London as investors bet that the Fed's decision to pump 40 billion dollars a month (£24.8 billion) into the world's biggest economy will trigger a revival in global demand.

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Finance

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