Shares rise after Government action

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The FTSE 100 Index gained 3% or 139 points to 4071 in the rebound, settling back from an earlier rise of almost 7% seen as investors cheered the moves.

Last week's bloodbath saw the Footsie fall nearly 9% on Friday at the end of the market's worst week since the 1987 crash.

Indices across Europe also recovered some lost ground after nations agreed a raft of emergency measures designed to ease the credit crunch.

France's CAC 40 rose 4.6%, while the DAX in Germany raced 7% ahead.

Countries which use the euro currency agreed to temporarily guarantee bank refinancing and pledged to prevent banks from failing.

In London, investors were digesting details of the Government's £37 billion bail-out package for three of the UK's biggest banking groups.

There was a mixed reaction for banking stocks, with those seeking State backing - Royal Bank of Scotland, HBOS and its merger partner Lloyds TSB - heavily down as the implications became clearer. There had been speculation that bank shares could be suspended to give the City time to examine the rescue plan. No such move was implemented, despite traders facing a number of announcements from the banks and the Treasury.