Gains for the FTSE 100 were trimmed late on after earlier optimism surrounding the key Franco-German meeting faded, but the index still finished modestly higher, up 0.28%. Investors will likely be cautious ahead of a pivotal EU summit to take place on Friday."WE NEED STRUCTURAL CHANGES"German Chancellor Angela Merkel called for "structural changes" after a keenly-watched meeting with French President Nicolas Sarkozy in Paris today. The two leaders said that they had agreed on a "comprehensive" agreement to be proposed on Friday at the summit. "This package shows that we are absolutely determined to keep the euro as a stable currency and as an important contributor to European stability," said Merkel.Among the proposals were that the European Court of Justice will have a say when countries break the legally established limit for public debt of 3% of GDP. Also, both leaders also rejected the need for the joint issuance of European debt by member states, adding that socialising debt burdens is no solution. Sarkozy has added that he expects all of the necessary negotiations to be finalised by March and that changes to the Treaty will be ratified, in his country, following the next national elections in March. The pair - often referred to as 'Merkozy' - indicated that it is yet to be seen if the changes are to be adopted by all 27 European nations or if it will be left to a reduced group of 17, those belonging to the euro, to do so. Lastly, they also left clear that it is their intention to continue working with the International Monetary Fund and to bring forward the implementation of the permanent rescue fund by a full year, to 2012. Closer to home, where politicians have recently voiced concerns on how EU treaty changes could affect Britain, Downing Street has said that there will be no referendum on the EU treaty changes. A spokesman for Prime Minister David Cameron said, "What is being talked about is a new set of rules for the Eurozone and how those countries that are members of the euro organise themselves on fiscal policy. There is no proposal on the table for a transfer of powers from the UK to Brussels. That is not what is being talked about...No-one has put that on the table and I don't think it is likely to be on the table." BANKS LEAD THE RISERS, BURBERRY FALLSBanks finished firmly up - albeit coming off their earlier highs - on the back of increased optimism over the Eurozone. Lloyds led the way, rising 6.34%, while RBS followed closely behind, up 5.27%. HSBC was held back a little - although still rising - after the Financial Services Authority (FSA) levied a £10.5m fine on the banking giant after it mis-sold five-year bonds to the over 80s. The firm sold the bonds to nearly 2,500 elderly customers who were advised to buy the products as a way of funding their long-term care. Meanwhile, luxury brand Burberry, which is heavily exposed to the fast-growing Chinese market, was the heaviest faller of the day after the HSBC Chinese service sector purchasing managers' index (PMI) for the month of November came in at 52.5, versus 54.1 the month before, signalling only a modest rise in service sector activity. Pharmaceuticals group Shire was also heading lower after agreeing with US regulators to conduct further trials of its hypotension drug ProAmatine to maintain market approval. On the FTSE 250, recruitment firm Michael Page International plummeted after warning on full-year profits following a significant slow-down in growth in the fourth quarter. Shares dropped nearly 13% after the group said that the Eurozone crisis has "reduced client and candidate confidence". Both Investec and Seymour Pierce have cut their target prices on the stock. Sector peers Hays was also out of favour. Pace soared nearly 19% after the shares were raised from reduce to hold by Numis Securities. OTHER MARKETSThe euro gains 0.286% against the dollar, rising to $1.3463 from £1.3425, after details emerged from the Franco-German meeting.Gold for February delivery fell 0.6% to $1,740.50. BCFTSE 100 - RisersLloyds Banking Group (LLOY) 27.00p +6.34%Royal Bank of Scotland Group (RBS) 22.77p +5.27%Glencore International (GLEN) 424.95p +3.41%International Consolidated Airlines Group SA (IAG) 157.90p +2.87%Man Group (EMG) 146.40p +2.81%Vedanta Resources (VED) 1,111.00p +2.30%IMI (IMI) 794.50p +2.06%Eurasian Natural Resources Corp. (ENRC) 687.50p +1.93%Schroders (SDR) 1,409.00p +1.88%Aviva (AV.) 326.60p +1.81%FTSE 100 - FallersBurberry Group (BRBY) 1,272.00p -3.34%Next (NXT) 2,660.00p -2.10%Weir Group (WEIR) 2,035.00p -1.88%ARM Holdings (ARM) 589.50p -1.83%GlaxoSmithKline (GSK) 1,399.50p -1.55%British Land Co (BLND) 495.80p -1.53%Inmarsat (ISAT) 432.00p -1.41%Capital Shopping Centres Group (CSCG) 320.00p -1.36%Hammerson (HMSO) 385.30p -1.31%Sage Group (SGE) 287.40p -1.14%FTSE 250 - RisersPace (PIC) 67.90p +18.60%International Personal Finance (IPF) 230.00p +11.92%Afren (AFR) 91.30p +8.30%Cape (CIU) 357.30p +7.62%Kenmare Resources (KMR) 36.32p +6.45%Carpetright (CPR) 466.20p +6.29%Renishaw (RSW) 955.00p +5.93%SDL (SDL) 663.00p +5.15%ITE Group (ITE) 217.50p +5.07%Ferrexpo (FXPO) 307.90p +4.55%FTSE 250 - FallersBellway (BWY) 732.00p -5.73%Michael Page International (MPI) 345.90p -5.23%Regus (RGU) 87.65p -5.19%Bovis Homes Group (BVS) 475.50p -4.82%Persimmon (PSN) 491.40p -3.65%Sports Direct International (SPD) 224.00p -3.41%Taylor Wimpey (TW.) 38.09p -3.35%Berkeley Group Holdings (BKG) 1,316.00p -3.24%SEGRO (SGRO) 218.00p -3.20%Computacenter (CCC) 354.60p -3.11%