Pick of the early market news

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Friday ended with strong gains - the FTSE-100 closed at 5488 - as hope for a resolution to the euro crisis grew. How much hope will be left by the end of today is another thing. Politicians and banks are scrapping over how much losses will be absorbed. The banks' previous offer of a 21% 'haircut' has now been upped to 40%. But the IMF is calling for 60% - and a final blueprint is still some way off.