Madrid - AFP
Madrid\'s share market staged a dramatic recovery Friday led by banking stocks amid rumours the European Central Bank is preparing to buy hard-hit Spanish and Italian bonds. The IBEX-35 index was up 0.53 percent after the first hour of trade, having slumped more than 2.0 percent at the open. Dow Jones Newswires said there were rumours the ECB had asked for prices on Spanish and Italian debt, a signal that it could be about to buy.