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FTSE blog: FTSE falls by 0.2%

13.53: The FTSE is still down 0.2 per cent. Man Group is the biggest faller in the blue-chip index, having dropped 5.8 per cent in today’s trading.

11:44: The FTSE fell slightly, dropping by 0.2 per cent to 5702.05.

The Dax is up 0.05 per cent while the Cac 40 is down 0.3 per cent.

10:14: The FTSE has climbed 0.4 per cent to 5737.06 since opening this morning.

In Europe, the German Dax and the French Cac 40 are up 1.1 per cent and 0.81 per cent, respectively.

8:25: European markets have opened positively again after yesterday’s strong gains.

At 8.25, the FTSE 100 was up 0.2 per cent to stand at 5726.44, while the German Dax and the French Cac 40 were up 0.9 and 0.7 per cent respectively.

The FTSE rose almost 3 per cent yesterday after EU leaders agreed a plan to tackle the eurozone debt crisis. Meanwhile, in the US the Dow Jones was up 2.86 per cent at close, while in Asia, the Nikkei 225 in Japan was up 1.4 per cent and the Hong Kong Hang Seng was up 1.7 per cent.

Main points:

·     China is likely to contribute to the eurozone’s bail-out fund but only if European leaders give guarantees on the safety of its investment, according to the Financial Times.

·     French President Nicholas Sarkozy says allowing Greece into the eurozone in 2001 was a mistake.

·     Chancellor George Osborne says he would not allow the International Monetary Fund to provide money for the new euro bail-out fund to ensure British taxpayers do not foot any of the bill for the bail-out.

·     Prime Minister David Cameron says Britain and other non-eurozone countries must collaborate to ensure their national interests are not sidelined during the crisis.


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