FTSE rallies on more Fed stimulus, dividend cuts mount
FTSE opened on the front foot on Tuesday with a gain of almost 3% to 5,129 points as the UK joined global stock markets higher following more stimulus from the US Federal Reserve and strong trading in Asia.
Oil and mining shares led the market advance with defensive sectors such as utilities and consumer staples taking a back seat .
Japan’s Nikkei 225 index was up 7.7% and China’s SSE ...