FTSE-100 is outperforming on talk that
Sterling LIBOR rates are indicated significantly lower in the wake of
the shocking 150bps rate cut by the Bank of England on Thursday.
Traders say 3-mth Sterling LIBOR is indicated at 4.50% vs 5.56125%
Thursday and 6-month LIBOR is indicated at 4.62% vs 5.67375% Thursday.
CAC-40 is up 27pts (+0.78%), Xetra-DAX is up 40pts (+0.81%) and
FTSE-100 is up 58pts (+1.35%).