The FTSE 100 index of leading UK company shares finished the week at 5,164.65, up 37.08 points or +0.72% on the day and down 198.29 points (-3.69%) over the week.
The gain in London today brought a nine-day losing streak to an end, the longest losing streak for the FTSE 100 since January 2003.
Despite growing and persistent fears of the eurozone collapsing, the blue chip index in London rallied in afternoon trading after bargain hunters exploited lower stock valuations.
The index is currently trading on a p/e ratio of 9.25, well below the historical average.
Over a year the FTSE 100 has fallen from 5,698.90, a fall of 534.25 points or -9.37%.
£1 is currently worth $1.54340 US or €1.16640 Euros.
Brent Crude Oil Futures is currently priced at $106.64/barrel. Gold is $1,688.50/ounce and Silver is $31.24/ounce.
The UK Bank Rate is 0.5% and CPI inflation was 5.0% for the year to October 2011.
