Rally of 1987. Part - 2 (Europe) |TRADING IDEAS

Rally of 1987. Part - 2 (Europe)

By Abhishek on 12:20 PM

Filed Under: Adding Help, Asian Market, MARKET OUTLOOK, News Articals, Weekly Watch, World Market

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FTSE makes a biggest gain since 1987

Posted by abhishek . On Sept 21 , 2008 @ 12.51 PM IST

This Friday FTSE ( London Financial Times Index ) , one of the premier exchange of world, surged by 8.84 % after continuous 4 days loss.This is the maximum gain in a single day since 21 Oct ,1987 ( US aftermath ). FTSE faces 10% downward journey from Monday to Thursday.

Index soars on the news of US Government planing to save the financial world by tackling the situation. Further Financial Services Authority ( FSA ) a regulatory body who controls the exchanges in UK , put 29 securities on Do - Not- Short - Sell list until January 16 , 2009. All of the 29 stocks are Financial Stock. After this news FTSE bounced sharply in Friday trade , closed by 8.84% or 431 points .

Read the Part 1 story on US market ... Click here