Morning markets: FTSE flat after yesterday's gains

The FTSE 100 has opened flat following yesterday's climb as markets await European bank stress tests results.

UK retail sales and eurozone services, manufacturing and industrial orders data all beat forecasts, nudging indices upwards yesterday. The FTSE 100 closed 2% higher and the S&P 500 finished up 2.3% last night. The Nikkei 225 in Tokyo also rose 2.3%. This morning the FTSE was down 0.06% after falling 3.17 points to 5,310. Four of the UK's banks, RBS, Lloyds, HSBC and Barclays are amongst the 91 European banks under the microscope in today's stress test results. The FSA has already said it expects the UK banks to pass the tests. Vodafone was one of the largest risers, up 4.8%, after ...