The blue chip index closed the day up 86.18 - or 2pc - at 4377, as strong gains by mining stocks offset a sharp falls by telecoms group BT following a profits warnings. but is down nearly 11pc this month.  Miners Xstrata, Verdanta Resources and Anglo American rose 10pc,9.6pc and 6.5pc respectively.  Financials had a mixed day with insurer Standard Life the biggest riser in the index, surging 10.8pc. while Old Mutual fell 16.5pc. Barclays' announcement that it was raising 37.3bn from Middle Eastern investors was not well received, with the shares fall 12.8pc.  In Paris the CAC 40 rose 2.3pc to 3,487.07 points, while the Frankfurt DAX gained 2.4pc to end the week at 4,987.97 points. However, both are also down 13.5pc and 14pc respectively this month. Tokyo has lost 24pc of its value in October and Hong Kong 22.5pc.  "Today is month end, bringing to an end one of the most volatile months for financial markets in recent history," said Barclays Capital analyst David Woo. "The concerns about the US economy and the global banking crisis remain."  The Dow Jones, which was up 1pc when trading in London closed, ended up 1.57pc at 9325. the index's rise of 11.3pc over the week is its biggest gain since 1974. However, the Dow is still down 14pc on the month.  Shares were boosted by steps from JPMorgan Chase to help a further 400,000 struggling homeowners and positive earnings from companies outside the financial industry. Monster Worldwide, the operator of the world's biggest online job-search Web site, added 11pc as it climbed for a fourth day after reporting a 28pc increase in third-quarter profits.  Asian stock markets struggled to recover on Friday, despite continued efforts by policymakers to tackle a credit crunch, with Japan joining an international interest rate-cutting campaign.  Shares fell sharply in Tokyo and Hong Kong, despite overnight gains on Wall Street on hopes grew that cheaper borrowing costs will nurse the sick global economy back to health.  Japan's central bank cut its super-low interest rates for the first time in seven years - by 20 basis points to 0.3pc - but investors there seemed unimpressed and the Nikkei index tumbled 5pc.  Hong Kong closed down 2.5pc as investors locked in recent sharp gains sparked by hopes that the credit crunch was easing.  "The rally is seen to be over," said Francis Lun, general manager at Fulbright Securities in Hong Kong. "It's time to take profit."
The FTSE 100 has had its best ever week but its worst month since the crash of   1987.