Morning Markets: Stocks soar as GM set for bankruptcy

European stock markets have soared upon opening this morning, on a day likely to see one of the larg...

European stock markets have soared upon opening this morning, on a day likely to see one of the largest bankruptcy filings in US history, as General Motors seeks Chapter 11 protection. The FTSE 100 is powering ahead led by a strong start for the mining sector; the blue chip index has advanced 72.61 points (1.64%) to 4490.55 at 8:30am. Other major European markets are also well ahead, with Frankfurt's Dax adding 3.16% to 5096.71 and Paris' CAC 40 is 2.43% ahead to 3357.25. In London, the miners control the top four performances so far, with Vedanta and Rio Tinto up 5.82% to £16.73 and ...