Barbara
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FTSE 100 Benchmark Gains - 2008/10/09 20:23
Hey guys, it seems that this Black Mondays and Relieved Thursdays stuff is becoming a regular tendency 
U.K. stocks rebounded, led by banks and mining companies as investors speculated a 10 percent decline this week on the FTSE 100 Index may have been overdone.
The benchmark FTSE 100 index climbed 63.60, or 1.5 percent, to 4,430.29 at 11:11 a.m. in London as all but 25 stocks advanced. The FTSE All-Share Index added 1.5 percent. Ireland's ISEQ Index gained 2.4 percent.
The U.K. government yesterday announced a 50 billion pounds ($87 billion) bank rescue package to prevent a collapse of the U.K. banking system, while six central banks, including the Bank of England, announced a coordinated interest-rate cut.
Still, the FTSE 100 declined 10 percent this week, extending this year's decline to 31 percent, as global financial companies racked up more than $590 billion of credit losses and asset writedowns.
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