FTSE rises as markets respond positively to ceasefire news

Jemma CrewBusiness reporter European markets are responding positively to news of the ceasefire. The FTSE 100 was up by 2.5% in early trading after London markets opened on Wednesday. In France, the CAC 40 was up 4.07% in early trading, while Germany’s DAX rose by 4.87%. Stock markets also rallied in Asia - Japan's Nikkei gained 5.5%, the Kospi in South Korea rose 6.8%, Hong Kong's Hang Seng exchange gained 3%, and Shanghai's composite index rose 2.5%.