FTSE breaks back through 5,000 as eurozone fears ease

Scott Sinclair
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The FTSE opened more than 60 points higher Wednesday after hopes of rising demand in China offset fears Europe's debt crisis could hamper global growth.

After a short period of trading, London's leading index was up 66 points, or 1.34%, to 5,007.8. Elsewhere, Asian stock markets rebounded while, overnight, Wall Street bounced in late trading to end all but flat at 10,043. Across Europe, the French Cac was 1.7% higher while Germany's Dax advanced 1%. In London, in England, financials and miners dominated the early risers after some sharp falls in recent sessions. Lloyds Banking Group advanced 4.5%, Kazakhmys was up 4%, RBS climbed 3.8% and Rio Tinto gained 3.5%. Only eight stocks fell into the red in early trade with Internati...

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