Barclays Share News (BARC)

- PBOC to keep buying Eurozone debt.- Eurogroup meeting cancelled.- Essar leads the risers early on.UK stocks rose in early trading on Wednesday, rebounding after yesterday's decline, with European indices following Asian markets higher after China pledged to continue buying Eurozone debt.Speaking an an exhibition in Beijing, People's Bank of China Governor Zhou Xiaochuan said he supports the monetary measures taken by European leaders and believes that the current crisis can be solved. He also said that the Chinese central bank would up its holdings of euro-denominated assets."At the G20, our state leaders promised European leaders that, amid the global financial crisis and the Europe sovereign debt crisis, China will not cut the proportion of euro exposure," he is reported as saying.In other news, Eurogroup President Jean-Claude Juncker was forced to cancel today's meeting, saying that "further technical work between Greece and the Troika is needed in a number of areas, including the closure of the fiscal gap of €325m in 2012 and the debt sustainability analysis." He added that he has not yet received the "required political assurances" from Greek leaders on the implementation of the programme.A government source told Reuters on Tuesday that the principal candidate to be the next Greek Prime Minister, Antonis Samaras, plans to sign such a commitment this morning.Meanwhile, the Bank of England's February Inflation Report will be released at 10:30 and could have a negative effect on the value of sterling versus the euro and the dollar, Barclays Capital (BarCap) reckons. BarCap expects the Monetary Policy Committee (MPC) will forecast modest economic growth and for inflation to undershoot the 2% target at the forecast horizon.With China's pledge to help Europe improved the outlook for the global economy, oil prices rose as concerns over fuel demand eased. Brent crude had gained 0.66% to $118.13 on the InterContinental Exchange by 08:50 in London. ESSAR TOPS THE LIST, BANKS IN DEMANDIndia-focused Essar Energy was a high riser early on, gaining over 4%. There were reports circulating yesterday that Essar, along with sector peer Cairn, could drop out of the FTSE 100 index next month as part of the next quarterly review of constituents. Banks were performing well with Barclays, HSBC, Standard Chartered and Royal Bank of Scotland making decent gains. The latter was given a boost by AlphaValue which upgraded its rating on the lender from reduce to add. Meanwhile, drugs giants AstraZeneca and GlaxoSmithKline were among the heaviest fallers.Company news was thin on the ground this morning, but a few FTSE 250 stocks reported results and trading updates.Industrial materials maker Morgan Crucible jumped after seeing record revenues and operating profit in 2011, with the group making rapid progress towards the attainment of the goals of its three-year plan announced a year ago. High street sportswear retailer Sports Direct was in demand after seeing sales growth accelerate in the third quarter and says that it will be reviewing its dividend policy as a result. Pizza delivery chain Domino's Pizza fell despite seeing full-year pre-tax profits rise 14.6% to £43.6m. This figure, however, excludes losses of £1.4m from the group's fledgling German operations.AIM-listed video search engine group Blinkx rose strongly after saying that it is to partner with US internet services and media company AOL to power the group's video search.BCFTSE 100 - RisersEssar Energy (ESSR) 132.40p +4.25%Tate & Lyle (TATE) 712.00p +2.37%Barclays (BARC) 239.80p +2.09%Burberry Group (BRBY) 1,452.00p +2.04%Royal Bank of Scotland Group (RBS) 27.18p +1.99%Standard Chartered (STAN) 1,616.00p +1.92%HSBC Holdings (HSBA) 572.00p +1.87%Shire Plc (SHP) 2,306.00p +1.72%Aviva (AV.) 367.30p +1.58%Evraz (EVR) 435.00p +1.49%FTSE 100 - FallersAstraZeneca (AZN) 2,915.50p -3.38%BP (BP.) 484.25p -2.13%ITV (ITV) 77.05p -1.85%GlaxoSmithKline (GSK) 1,421.50p -1.28%Resolution Ltd. (RSL) 266.40p -0.97%Unilever (ULVR) 2,064.00p -0.77%Anglo American (AAL) 2,752.00p -0.72%Royal Dutch Shell 'B' (RDSB) 2,344.50p -0.72%International Consolidated Airlines Group SA (IAG) 171.30p -0.70%Royal Dutch Shell 'A' (RDSA) 2,317.00p -0.62%FTSE 250 - RisersMorgan Crucible Co (MGCR) 344.70p +5.41%Sports Direct International (SPD) 276.10p +5.06%Micro Focus International (MCRO) 457.90p +2.74%Dixons Retail (DXNS) 14.52p +2.33%CSR (CSR) 234.10p +2.27%JD Wetherspoon (JDW) 412.10p +1.95%London Stock Exchange Group (LSE) 959.50p +1.86%Ophir Energy (OPHR) 383.00p +1.86%Grainger (GRI) 105.00p +1.84%International Personal Finance (IPF) 210.70p +1.84%FTSE 250 - FallersCatlin Group Ltd. (CGL) 420.50p -4.52%Daily Mail and General Trust (DMGT) 418.50p -2.92%BH Global Ltd. USD Shares (BHGU) 11.48 -2.13%Dunelm Group (DNLM) 492.30p -1.83%Logica (LOG) 79.15p -1.43%Kenmare Resources (KMR) 55.80p -1.41%Cable & Wireless Communications (CWC) 36.98p -1.36%Ocado Group (OCDO) 98.70p -1.30%Diploma (DPLM) 393.80p -0.91%Beazley (BEZ) 147.00p -0.88%