FTSE 100 Opens Higher as Banks Rebound and Trade Hopes Lift Mood
London markets started Monday on a positive note, shaking off last week’s banking-led sell-off. The FTSE 100 opened 0.5% higher at 9,396.84.
Financial stocks led the gains, with notable increases:
- HSBC up 1.7%
- Standard Chartered rising 2.1%
- Lloyds adding 1.4%
- Barclays climbing 1.5%
Defence shares also attracted attention, with
- Babcock jumping 2.9%
- BAE Systems gaining 1.5%
- Rolls-Royce adding 2.8%
Investor sentiment was buoyed by reports that the US and China will hold another round of trade talks this week.
US-China trade optimism returns
Author's summary: FTSE 100 rises 0.5% amid banking rebound.