Visit http://www.cityindex.co.uk/market-analysis/ for the latest market news. Here, George Taylor brings you the news activity surrounding the financial markets on 24th June 2011, including...

· European stock markets opened with strong gains on Friday after European authorities gave their approval to a package of Greek spending cuts and tax hikes, Comments from China's premier also helped reassure investors over inflation.

· Shares in Air France-KLM were among the strong performers, rising 4% after Citigroup upgraded the stock to buy from hold.

· UK home builder Berkeley Group Plc jumped nearly 7% after laying out a 10-year plan to return cash to shareholders.

- The Stoxx Europe 600 Index rose 1% to 267.01, having slumped 1.4% in the previous session.

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.