Markets recover as leaders seek eurozone solution

clock

The FTSE has opened trading in positive territory amid signs European policy makers are moving to stem the eurozone debt crisis.

Shortly after opening, London's leading shares had advanced 0.8%, or 43 points, to 5270 as banking stocks emerged the early winners. Barclays and part-nationalised banks Royal Bank of Scotland and Lloyds are both up around 3%, with Kingfisher and oil giant BP completing the morning's winners. Banking stocks have rallied after European Commission president Jose Manuel Barroso said the commission is set to launch euro bonds in a sign politicians are looking to tackle the ongoing crisis engulfing the region. London's gains are mirrored throughout Europe, with Germany's Dax advancing n...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read