FTSE falls 0.5% as EU debt fears slash gains

Laura Miller
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The FTSE100 fell in early trading as concerns over EU debt problems offset any reassurance the market might take from easing oil prices.

Falling after a small gain the previous session, the FTSE100 dropped 29 points to 5,940.65 at just after 9.30am. Jittery traders were awaiting news from Europe of the results of a Portuguese bond auction, slated for later today. Prudential was leading in early trading following strong full year results for 2010. Its share price rose 3.5% to 739p per share. It was a mixed bag in European markets, with the German Dax up 0.19% to 7,178.12 points but the French Cac 40 falling 0.19% to 4,008.26 points. Overnight in the US, financial companies pushed shares higher on signs banks may s...

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