London's leading shares index made solid gains yesterday as euphoria from a positive US jobs report and optimism around the future of the euro boosted investor confidence.
The FTSE-100 index was 21.5 points higher at 5808.8 as European Central Bank chief Mario Draghi's pledge last week to devise a plan to help the eurozone eased the borrowing costs of beleaguered countries.
Spain's implied borrowing costs fell away from the 7% danger mark as traders digested his statement and reacted to reports that the debt-ridden nation would consider asking for a full-blown bailout.
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