FTSE off to positive start as US bank fears subside

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read