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, while the FTSE 250 added 0.1% to 21,807.47.
Financial stocks led the gains, with
- 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%
European defence names followed suit, including
- Rheinmetall in Frankfurt climbing 4.4%
- Leonardo in Milan up 3.2%
- Safran in Paris rising 2.1%
Investor sentiment was buoyed by reports that the US and China will hold another round of trade talks this week.
Author's summary: FTSE 100 opens higher as banks rebound.
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