Join Ben Cooper on Wednesday 27th October as he brings you all the latest news from the trading floor of City Index (http://www.cityindex.co.uk/).<br /><br />- European leaders restore market confidence with three solutions to the debt crisis:<br /><br />1) 50% haircut agreed with the holders of Greek debt.<br />2) EFSF to be leveraged to 1 trillion Euros.<br />3) Recapitalisation plan for eurozone banks to be enforced by June 2012.<br /><br />- Following the announcement, the FTSE 100 was trading up 113 points to 5666 today, while the German DAX was up 222 points at 6238.<br /><br />- In banks, Barclays and Lloyds led the leaderboard, up 9.5% and 6% at 195p and 36p respectively.<br /><br />For more market news from City Index, visit http://www.cityindex.co.uk/market-analysis/financial-news.aspx<br /><br />Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
