The FTSE 100 broke back through 6,000 to close at a 30-month high on Christmas Eve - on course for the strongest run in December since 1987. China raised interest rates for a second time in three months on Christmas Day in an attempt to curb borrowing, rein in property prices and tame inflation. The cost of default insurance on eurozone bonds has surged to an all-time high on reports that Greece is preparing the way for a sovereign debt restructuring after 2013, with tacit support from the EU authorities. Oil prices rose closer to $100 a barrel as cold weather in Europe fuelled demand, depleted supplies and stoked inflationary worries.Santa rally gets second wind, breaks back through 6,000
China raises interest rates on Christmas Day
Record spike in EMU default risk
Oil pushes closer to $100 as cold snap bites
Sunday, 26 December 2010
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