FTSE up 2% as Eurozone update eases double-dip fears

Shortly before 4.15pm GMT, London's leading index had advanced almost 100 points, or 1.94%, to reach 5,312. Both manufacturing and service sector output in the Eurozone grew faster than expected in July, dousing widespread fears of a double-dip recession. In London, blue-chip banks were cheered following strong second-quarter earnings from US counterparts Morgan Stanley and Wells Fargo, and bets Friday's key stress testing of some European banks will not be as bad as previously thought.   Barclays advanced 12.5p to 302.75p, Lloyds Banking Group was up 2.1p to 63.1p, and Standar...