FTSE 100 index higher on Spanish bailout

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Source: Dukascopy Bank SA
UK FTSE 100 index rose sharply in the morning trade adding 1% as investors prized Spanish bailout. Banks rallied with Lloyds Banking adding 2.4% and Barclays surging 1.1%. On the downside Tesco shed 0.9% after retailer reported a 1.5% fall in same-store sales. The index retreated during afternoon trade on news the anti-austerity party in Greece is gaining strength 6 days before parliament election. At the moment of writing FTSE 100 is 0.6% or 31 points up at 5.464.7

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Mon, 11 Jun 2012 13:28:36 GMT

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