FTSE 100 adds to modest early gains in midday trade

Exclusive: Spain banks do not need new EU aid at present - EC document

BERLIN | Fri Jul 5, 2013 11:46am BST
(Reuters) - Spain's banks do not at present need further European aid, according to a document prepared by the European Commission and the European Central Bank and seen by Reuters on Friday.

Spanish lenders, hit hard by a five year on-off recession and burst property bubble, have received financial aid from Europe of 41.3 billion euros (35.5 billion pounds) of a potential line of up to 100 billion euros.

CAD Employment Change -0.4K -4.2K 95.0K

CAD Unemployment Rate 7.1% 7.1% 7.1%

USD Non-Farm Employment Change 195K 163K 175K

USD Unemployment Rate 7.6% 7.5% 7.6%

USD Average Hourly Earnings m/m 0.4% 0.2% 0.0%

FTSE100 ends firmly lower as heavyweight miners retreat

Have a great weekend all!

G.