Shares gain on talks progress
Published 24/10/2011 | 10:51
INVESTORS were upbeat today after progress at a summit of European leaders helped assuage fears over the region's debt crisis.
The FTSE 100 Index was 22.4 points higher at 5510.9 after EU leaders agreed on €108bn plan to recapitalise the banks.
France’s CAC was 0.1pc up while Germany’s DAX gained 0.6pc but uncertainty remained as the 17 eurozone leaders continued to thrash out plans to increase the EU bailout fund and considered a possible 50pc write-down of Greek debt repayment.
Elsewhere, positive export figures from Japan suggested it was recovering from the devastating tsunami earlier this year and boosted Asian markets with Hong Kong's Hang Seng closing more than 4pc higher.