FTSE rallies, Fed low rate stance calms China concerns

By Alistair Smout LONDON (Reuters) - The FTSE 100 rose on Thursday, recouping the previous session's fall, as hopes of lower rates for longer from the Federal Reserve helped spur markets which had been rocked by concerns over Chinese growth. Britain's FTSE 100 was up 117.04 points, or 2 percent, at 6,096.24 by 0734 GMT, shadowing gains made on Wall Street and in Chinese stocks. Federal Reserve official William Dudley said that an interest rate hike next month seems less appropriate given the thr