Financial Times FT.com

Overview: US spending ideas trigger gains

By Neil Dennis and Michael Mackenzie

Published: December 8 2008 19:05 | Last updated: December 8 2008 23:18

Equity markets received a powerful boost on Monday after plans for renewed stimulus efforts from the US prompted hopes of a bear market rally before the end of the year.

A renewed zeal for risk left the US dollar struggling as investors went in search of yield. This in turn helped drive commodities higher, particularly metals and energy prices, which had been sold off heavily in recent weeks.

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