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At 07:50 BST today, it was up 123 points, reaching a two-and-a-half-month closing high to finish at 5,676.24 points, reports Reuters.
Among the strongest performers were the UK's financial institutions, which were boosted as the announcement that a rescue fund equivalent to €1 trillion (£870 billion) would be leveraged to support Europe's banks.
Barclays was the biggest mover on the FTSE 100 index, advancing 6.1 per cent as investors appeared to show greater confidence in the financial sector.
"We expect the latest bail-out and recapitalisation announcement to be supportive to UK bank share price performance in the short term," broker Shore capital said in a note.
On Tuesday the FTSE 100 retreated by 0.4 per cent as traders exhibited caution ahead of the summit's announcement.
Posted by Greg Secker
