Scoreboard: Market cheer

Global markets rallied overnight on a raft of positive data and ahead of the Federal Reserve's taper decision.

As I write, we are looking at the biggest gain on Wall Street in about a week and the second-biggest gain in about a month. Still, gains on weren’t a patch on what we saw in Europe – with some indexes putting on their strongest performance in about two months. Like the Dax, which is up 1.7 per cent. Then the CaC was 1.5 per cent higher and the FTSE shot up 1.3 per cent. Hopefully it’s the long-awaited Santa rally. Better late than never as they say, but early days yet.

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