The FTSE 100 has opened in positive territory as investors react with relief to a watered down US financial services reform bill.
Shortly after the start of trading, London's leading shares were up 0.44%, or 22 points, to 5068, with financials spearheading the upward movement. Banking stocks are leading the pack, with Lloyds up 1.29%, RBS up 1.17% and Barclays rising 1.07%. The buoyant showing from the banking sector follows events in the US on Friday when lawmakers softened measures which would have seen banks prevented from trading in derivatives. Financials led the Dow Jones on Friday with American Express, JP Morgan Chase and Bank of America the top performers. However, the index closed slightly down by 0...
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