FTSE surrenders early gains

World markets slipped into the red today after a scheme to boost liquidity and ease the eurozone debt crisis failed to settle traders’ nerves.

FTSE surrenders early gains
Wed, 21 Dec, 2011 - 17:36

World markets slipped into the red today after a scheme to boost liquidity and ease the eurozone debt crisis failed to settle traders’ nerves.

The European Central Bank moved to prop up the beleaguered banking sector with nearly €489bn of three-year loans, which was taken up by 523 unnamed banks.

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