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FTSE rises in early trades

European markets have jumped in early trades on the back of renewed hope on central bank action and optimism ahead of next week’s EU summit.

At 9.13, the FTSE 100 was up 1.6 per cent to stand at 5576.34, the French Cac 40 and the German Dax were also up over 1.5 per cent.

Banks have led the bounce back in the FTSE 100, with Barclays, Royal Bank of Scotland, Lloyds and HSBC all among the top five winners in the index.

Asian markets were up at the close of trading on Friday, with the Japan Nikkei 225 and the Hong Kong Hang Seng recording increases of 0.5 and 0.2 per cent respectively.

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