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.
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 stocks 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 tariffs.
US and China will hold another round of trade talks this week
Author summary: FTSE 100 rises amid banking rebound and trade optimism.
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