Morning Markets: FTSE heads for sixth straight weekly gain

In early trading the index opened up 0.9%, or 51.28 points, to 5,763.98, recouping yesterday's drop. The index has rallied 6.6% this year as the European Union agreed to a contingency rescue package to help Greece cut its budget deficit. "The recent market action means an external intervention may be unavoidable and could happen very soon as the situation is untenable," London-based economists including Stephane Deo at UBS AG said today, Business Week reports. "An intervention over the weekend is a distinct possibility." Greek bonds have plunged this week on renewed concern the ...