FTSE 100 jumps 2.65% in initial trades

LONDON (AFP) - The London stock market rallied 2.65 percent to 4,369.55 points in initial trading on Tuesday as investors continued to cheer global government action aimed at rescuing banks crippled by the credit crunchThe London Stock Exchange logo. The stock market has rallied 2.65% to 4,369.55 points in initial trading as investors continue to cheer global government action aimed at rescuing banks crippled by the credit crunch.

The FTSE 100 index of leading shares had closed up 8.26 percent on Monday as billions were pumped into ailing banks and money markets across the globe.