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Spread betting provider City Index takes a look at the financial activity shaping the markets on 10th October 2011.
The FTSE 100 rose slightly this Monday (October 10th), following renewed optimism surrounding the eurozone.
Morning traders were prompted by yesterday's talks between German chancellor Angela Merkel and French leader Nicholas Sarkozy, which resulted in an agreement on a "long-lasting, complete package" for solving the current debt crisis.
This news was followed this morning by a slight rise in the FTSE 100, which was up by 0.29 per cent as of 9:26 BST with trading at 5318.76.
Oil companies were among the risers, with British Petroleum up 1.88 per cent, Premier Oil increasing by 2.83 per cent and Enquest Oil Exploration seeing a 4.76 per cent rise.
Heritage Oil share prices also grew by 4.33 per cent following the company's purchase of a majority stake in the Libyan based Sahara Oil Services Holdings last week.
Other notable risers included private equity firm LMS Capital,share price grew by 8.77 per cent and Sporting Bet, which rose by 5.46 per cent amid continuing talk of a takeover from Ladbrokes Group.
The Trinity Mirror Group was one of the biggest losers with a drop of 5.17 per cent, followed closely by recruitment company Michael Page who suffered a 5.03 per cent drop and the Yell Group, which fell by 4.62 per cent.
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SOURCE : http://goarticles.com/article/FTSE-100-enjoys-slight-return-following-eurozone-debt-talks/5483572/
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