AppId is over the quota
Spread betting provider City Index takes a look at the financial activity shaping the markets on 6th October 2011.
Stocks across Europe have received a boost this morning (October 6th) following comments made by the European Commission's (EC) president Jose Barroso.
Policymakers are discussing ways to recapitalise banks in the region, he revealed, adding to a recent Financial Times report that claimed officials believe there is a sense of urgency to reassure the markets that monetary institutions can survive stormy European economic waters.
Speaking to the newspaper, Olli Rehn, European commissioner for economic affairs, said: "Capital positions of European banks must be reinforced to provide additional safety margins and thus reduce uncertainty."
As of 10:15 BST, the FTSE 100 had climbed by 1.63 per cent in London to regain its composure by trading above the important 5,000-point mark.
The German DAX had lifted by 2.16 per cent, while the French CAC-40 was up by 2.11 per cent ten minutes after.
Later today, the European Central Bank will reveal if any cuts or hikes have been made to central interest rates.
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