European markets rise as Greek yields fall to year low

European markets have made steady gains throughout the day, fuelled by reports Spain will ask the eurozone for financial aid next month.

A Spanish government offical told Reuters the country will make an aid request in November in a bid to bring down its high borrowing costs and stabilise its financial system. European markets were posting solid gains today, lifted by pressures easing across the eurozone after Greece's 10-year bond yield fell to 17.4%, its lowest level since August 2011. The French Cac was up 1.1% to 3,426 this afternoon, while the German Dax  gained 0.64% to 7,279. Banks led the risers on the FTSE 100 leaderboard late into the session. Standard Chartered gained 2.45% to £14.63 at 3pm, helping pu...