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| London open: Footsie jumps one per cent early on |
| - ECB provides 100bn euros to Greece
- Markets await EU summit
- Miners, financials on the up early on |
| Market overview: Marks and Voda rise on results |
| 0833: Mining stocks are driving Footsie higher this morning, as gains are seen virtually across the board. Among top-line stocks, just Man Group and Astra are in negative territory. Vodafone and Marks and Spencer are both firmer after announcing results this morning, with both stocks' rises marginally higher than the Footsie's in percentage terms. FTSE 100 is up 61 at 5,365. |
| OECD joins call for eurozone bonds |
| Paris-based organisation warns crisis management must go hand in hand with construction of institutions to make monetary union ‘work properly’ |
| Spain denies its banks need European aid |
| Finance minister says Madrid has no need to tap European funds to keep banks afloat as government admits 2011 budget deficit was larger than expected |
| Secret €100bn aid props up Greek banks |
| Extensive use of ‘emergency liquidity assistance’ to help banks in weakest economies has been one of less-noticed features of the eurozone crisis |
| Traders brace for further euro falls |
| Single currency falls as net short positions test record highs, and analysts turn their attention to sterling as eurozone crisis intensifies |
| Euro stability signs but worries linger |
| Single currency is striving to hold $1.2750 while charts look worrying, with a 12-month downtrend intact and support at $1.26 seeming vulnerable |
| FTSE 100 rises on eurobond hopes |
| Hopes that EU leaders can agree on eurozone-wide bonds help recovery with all but three of the benchmark index’s constituents made gains |
| Cash pulled from financial funds |
| Just under $1bn was withdrawn last week from mutual and ETFs that invest in banks, the biggest outflow since Lehman Brothers’ collapse |
| FTSE 100 rises on eurobond hopes |
| Hopes that EU leaders can agree on eurozone-wide bonds help recovery with all but three of the benchmark index’s constituents made gains |
| EU summit hopes boost risk appetite |
| Stocks and commodities rally for second day as some investors see value after three weeks of declines took many benchmarks to 2012 lows |
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