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Britain's FTSE 100 rose 0.4 per cent, or 21.09 points, to 5,333.85 in a slow day for trading, reports Reuters.
Only about 25 per cent of the blue chip index's average 90-day volume had been traded by noon, indicating the cautious feelings of investors as they wait for the eurozone finance meeting.
"We've seen a turnaround but there's not much support for it. Merely day traders trying to make a quick buck," Jimmy Yates, head of equities at CMC Markets, told the new provider.
He added that any positive signs emanating from the market were likely to have been sparked by the Italian bond auction, where the financially troubled country was able to sell close to optimum levels of debt.
Although European stocks rebounded to some extent yesterday (November 28th) through a 1.5 per cent upwards swing in the Stoxx 600 index, any minor gains were considered contingent on today's crucial eurozone summit.
Posted by Chris Weaver
