LONDON'S FTSE 100 Index continued to bounce back in the first hour of trading today.Leading shares were up by almost 100 points (1.7per cent) as the market opened, following on from a 160-point recovery yesterday after the US Federal Reserve reduced interest rates to help avert a recession.

LONDON'S FTSE 100 Index continued to bounce back in the first hour of trading today.

Leading shares were up by almost 100 points (1.7per cent) as the market opened, following on from a 160-point recovery yesterday after the US Federal Reserve reduced interest rates to help avert a recession.