The FTSE 100 has soared in early trading, up 3.35% to 5294.55, as the markets took confidence from this weekend's €750bn rescue deal to defend the euro.
Despite a lack of resolution on talks to form a UK government over the weekend, the markets reacted positively to the news contagion from the Greek debt crisis will be contained. The positive start for the FTSE comes as markets plunged 2.6% on Friday as concerns over the eurozone and the impact of a hung parliament in the UK dragged on equity prices. This morning, financials were among the leading stocks with Barclays up 12.25% to 318.45p and Lloyds rising 10.14% to 58.96p. There are only a couple of losing stocks in early trading with BP down 1.59% as it struggles to clear up the...
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