FTSE rallies after Russian currency crisis hits risk assets

The FTSE 100 has endured a volatile session as the impact of the falling oil price and Russian currency collapse continue to reverberate around global markets.

With US indices opening lower again today after a precipitous decline in the value of the Russian ruble, the resource-heavy FTSE bucked the trend - albeit in a volatile session and after major losses in recent days. The blue chip index was 0.3% higher at 6,203 by mid-afternoon, having fallen almost 9% in the past six trading days. The index then rallied hard, trading 2.2% higher at 6,318 shortly before the close as sentiment improved. A flight to safety earlier saw 10-year treasury yields drop six basis points to 2.06%. But the main focal point for investors today has been the R...