Join Ben Cooper on Wednesday 27th October as he brings you all the latest news from the trading floor of City Index (http://www.cityindex.co.uk/).
- European leaders restore market confidence with three solutions to the debt crisis:
1) 50% haircut agreed with the holders of Greek debt.
2) EFSF to be leveraged to 1 trillion Euros.
3) Recapitalisation plan for eurozone banks to be enforced by June 2012.
- Following the announcement, the FTSE 100 was trading up 113 points to 5666 today, while the German DAX was up 222 points at 6238.
- In banks, Barclays and Lloyds led the leaderboard, up 9.5% and 6% at 195p and 36p respectively.
For more market news from City Index, visit http://www.cityindex.co.uk/market-analysis/financial-news.aspx
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