FTSE soars as taper delay lights a fire under equities

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The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.

The FTSE 100 was up 90 points at 6,650 after two hours of trading, a rise of 1.4%, continuing the rally that begin in the US and Asia following yesterday's central bank meeting. With the price of gold rising some 4% on the Fed's pledge to continue with QE, Randgold Resources was the largest riser in the FTSE with an 8.7% leap. Silver miner Fresnillo rose 7%, with miners and emerging market-focused stocks also beneficiaries. Aberdeen Asset Management rose 6.8% to 392.5p, with Asia-focused lender Standard Chartered up 3.8% to £15.71. Elsewhere in Europe, the German Dax has risen...

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