Alexander
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U.K. Stocks Rally on Rate-Cut Speculation - 2008/10/29 19:23
Good day, traders. A quick review on our stocks to start the trading day. 
U.K. stocks jumped, advancing for a second day, led by banks and commodity producers on speculation central banks will cut interest rates.
HBOS Plc, Britain's largest mortgage lender, and Standard Chartered Plc rallied more than 15 percent in London. Royal Dutch Shell Plc and BHP Billiton Ltd. advanced as crude oil and copper climbed. Old Mutual Plc surged 27 percent, leading a rebound in insurance stocks.
The FTSE 100 Index gained 199.8, or 5.1 percent, to 4,126.18 at 10:58 a.m. in London, as all but three stocks advanced, trimming its decline for the month to 16 percent. The FTSE All- Share Index added 4.7 percent, while Ireland's ISEQ Index increased 7.3 percent.
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