Pick of the early market news

Updated

A pre-Christmas lift: the FTSE 100 picked up more than 1% yesterday, rising to 5,419 points while the Dow Jones (+2.87%) and the German Dax (+3.11%) leapt considerably higher. A load of cheap money from the European Central Bank was behind the better numbers; the ECB is expected to offer three year loans at (probably) 1% to banks raising up to €250bn. Fairly amazing terms.

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