FTSE steadies but gold hits new high (AFP)

London (AFP) - shares in London said Monday, as traders followed the news on a possible rescue EU and the IMF for the Portugal, but refuge or hit another record pinnacle.

The FTSE 100 index gained 0.06% at 6,059.35 points in morning trade.

However a marked another historic high point $ 1,478.18 per ounce in London, powered by concerns in course on the weakness of the dollar, low US interest rates, the rise in global inflation - and the debt crisis of the Portugal.

A spokesman of the commission, the European Commission, European Central Bank and the IMF experts will travel to Lisbon this week for talks on a rescue plan of 80 billion euros for the Portugal, said Sunday.

In London, at the same time, investors are digesting a key on the battered banking sector report.

British banks need to supervise their operations from retail banking to investment activities, the independent Commission on banks said an interim report which aims to prevent more redemptions of State.

CVI, launched last year after the global financial crisis, has also proposed raising capital ratios and recommended that them rescued the Lloyds Banking Group State should sell most active to stimulate competition.

"Overall, the interim report is positive for banks, with an important achievement of the potential costs to the economy of radical reforms," said broker Killik & Co in a note.

However, the review expected did not ask for banks to be destroyed completely, opting instead for the so-called "ring-fencing" which would not loss of investment banking to threaten the security of retail operations.

"Rumours of a recommendation to break up the largest banks of Great Britain did not materialize,", said analyst Alistair Cotton CurrenciesDirect.

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