A positive FTSE100 is defying the odds this morning amid 24-hours of strong losses to global stock markets. The blue chip index is currently 16.80 points (0.28%) ahead to 6024.40.
While banks tanked over the Atlantic, RBS is leading the fight in the UK – up 5.42% to 238.25 so far. Lloyds TSB is also doing well, 2.45% ahead to 386.50. Home Retail and Carphone Warehouse have also opened strongly, up 2.63% to 234.25 and 2.51% to 234.75 respectively. Miners and energy stocks are sluggish however; Vedanta is currently 2.12% lower to 2452. Eurasian is 1.87% behind to 1417 and Cairn Energy has dipped 1.28% to 3325. In New York, S&P’s credit rating cut to a number of US investment banks pounded Wall Street investor confidence on Monday, with the Dow Jones IA falling 134....
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