Markets buoyed, euro soars as leaders strike debt deal

clock

London's FTSE jumped 2% in early trading on Thursday after European leaders agreed a deal to tackle the debt crisis.

The index was more than 100 points, or 1.9%, higher at 5,654 shortly after opening. Overnight, major indices in the US and across Asia were also lifted as news of the deal spread. The Nikkei 225 gained 2.04% to reach 8,926.54, while Hong Kong's Hang Seng Index climbed 2.47% to 19,536.89. US markets also closed up, with the Dow Jones gaining 1.39% to reach 11,869 and the S&P 500 climbing over 1% to 1,242. European leaders agreed a three-pronged deal last night to expand the bail-out fund and for banks to take losses on Greek debt in exchange for recapitalisation. The euro also...

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

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

OBR report released in 'unprecedented leak'

Patrick Brusnahan
clock 26 November 2025 • 1 min read
Budget 25: Council tax surcharge for £2m properties revealed

Budget 25: Council tax surcharge for £2m properties revealed

High Value Council Tax Surcharge in place from April 2028

Jen Frost
clock 26 November 2025 • 2 min read
Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Helping clients act now for effective estate planning

Toyin Oyeneyin, Tax Product Specialist @ Octopus Investments
clock 25 November 2025 • 6 min read