Four announcements send stocks soaring

Stock markets surged on Friday on the news of sweeping crisis measures being introduced by the United States Treasury and other government institutions around the world.

The dramatic gains in leading stock indexes on Friday saw most markets reverse the losses suffered in what has been one of the most tumultuous weeks for financial markets in history.

By the close of trade in London, the FTSE had rebounded by an astonishing 8.84%. By mid-day in New York, the Dow Jones and Nasdaq average were up