FTSE blog: FTSE up over 3.5% at close
16.45: The FTSE has risen by more than 3 per cent for the second consecutive trading day as the blue-chip index continues to claw back the losses it incurred earlier this week.
At closing the FTSE was up 3. 71 per cent to stand at 5291.26. The German Dax and the French Cac 40 also rose more than 3 per cent by the close of trading.
15.44: The FTSE has risen 2.2 per cent today to stand at 5213.69.
Across Europe, the French Cac 40 is up 2.3 per cent, while the German Dax was up 1.6 per cent.
15.15: The FTSE has lost some of its early gains but is still up over 1 per cent in today’s trades.
The blue-chip index is currently up 1.34 per cent and the French Cac 40 is up 1.1 per cent. The German Dax has lost its early gain and has is now unchanged from its opening price.
14.01: The FTSE is up 2.1 per cent as European markets continue to rebound on eurozone debt hopes.
The FTSE 100 now stands at 5212.58, while the French Cac 40 is up 2.25 per cent and the German Dax is up 1.5 per cent.
European Commission President Jose Manuel Barroso said in a television interview that there were plans for co-ordinated action to recapitalise banks.
12:18: The FTSE 100 has risen by up over 2 per cent as the Bank of England announces it plans to extends its quantitative easing programme by a further £75bn.
At 12.18, the FTSE was up 2.3 per cent to stand at 5219.62, while the German Dax and French Cac 40 were both 2.3 and 2.5 per cent respectively.
Antofagasta remained the biggest riser in the FTSE100, with its shares jumping almost 10 per cent.
11:02: The FTSE 100 is up by 1.44 per cent to stand at 5175.51.
Biggest risers in the blue-chip index include Eurasian Natural Resources Corporation, Antofagasta and IMI, all of which are up by more than 6 per cent.
9:36: The FTSE 100 has risen by over 1.5 per cent in early trades as it continues to make up the losses it incurred early in the week.
At 9.36am, the blue-chip index was up 1.63 per cent to stand at 5185.18 and follows a 3 per cent rise on Wednesday. The German Dax and the French Cac 40 have also risen by over 2 per cent in early trades.
In the US, the Dow Jones was up 1.2 per cent at close, while in Asia the Nikkei 225 in Japan was up 1.7 per cent.