FTSE 100 Opens Higher as Banks Rebound and Trade Hopes Lift Mood
London markets started Monday on a positive note, with the FTSE 100 opening 0.5% higher at 9,396.84. The FTSE 250 added 0.1% to 21,807.47, while the AIM All-Share slipped slightly to 772.00.
Financial stocks led the gains, with notable increases from major banks:
- HSBC up 1.7%
- Standard Chartered rising 2.1%
- Lloyds adding 1.4%
- Barclays climbing 1.5%
Defence shares also saw significant gains, including:
- Babcock jumped 2.9%
- BAE Systems gained 1.5%
- Rolls-Royce added 2.8%
Investor sentiment was buoyed by reports of upcoming US-China trade talks, easing concerns over another round of tariffs.
Investors are optimistic about trade talks between the US and China.
Author summary: FTSE 100 rises on banking and defence stocks rebound.
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