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 HSBC up 1.7%, Standard Chartered rising 2.1%, Lloyds adding 1.4%, and Barclays climbing 1.5%.
Defence shares also attracted attention, with Babcock jumping 2.9%, BAE Systems gaining 1.5%, and Rolls-Royce adding 2.8%.
European defence names followed suit, including Rheinmetall in Frankfurt climbing 4.4%, Leonardo in Milan up 3.2%, and 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, easing concerns over another round of tit-for-tat tariffs.
Author's summary: FTSE 100 opens higher as banks rebound.
More News
- Monica Barfield: Florida’s fumble on full practice authority for nurse practitioners
- Sharks Locker Room: Celebrini Going From Rookie to Superstar?
- Ranking Every Teenage Mutant Ninja Turtles Cartoon Series - GoBookMart
- Korea Box Office: ‘Chainsaw Man The Movie: Reze Arc’ Leads Again
- Broadcast Leaders Call Out Tesla’s 'Misguided' FM Radio Cut - Radio Ink
- Germany’s politics of compromise has been compromised
- Australia Accuses Microsoft of Misleading Consumers With AI-Driven 365 Price Hikes
- Okada Junichi and Fujii Michihito on Netflix Japan’s ‘Last Samurai Standing’: ‘Tradition Survives Through Innovation’