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FTSE continues to rally

The FTSE 100 is up almost 2 per cent at close as markets continue to rally.

The blue-chip index started slowly but rallied when the US market opened to finish at 5399, a rise of 1.8 per cent.

Shares across Europe also rose with the German Dax up 3 per cent and the French Cac 40 up over 2 per cent.

The rally occurred when the US market rose 2 per cent in early trades on the back of the news that French president Nicolas Sarkozy and German chancellor Angela Merkel promised a bank recapitalisation plan that would be unveiled before the end of the month.

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