Trading was mixed in London this morning as banks continued to climb on news of a $1trn toxic debt plan in the US, with the FTSE100 down 6.35 points (0.16%) to 3,946.46 by mid-morning.
The latest solution to the financial crisis in the US boosted the sector's shares in London, with Royal Bank of Scotland adding 8% to 27p, Lloyds Banking Group gained 6.34% to 65.4p, while Barclays climbed 4.2% to 126.7p. However, miners were hit by falling demand for raw materials putting shares in Xstrata down 5% to 451p, Rio Tinto dropped 4.36% to £21.92, while Kazakhmys shares fell 3.92% to 386.5p. Wall Street saw huge gains on Monday as investors celebrated the Federal Reserve's plan to help the private sector buy up toxic assets, with the Dow Jones adding 497.48 points (6.84%) to ...
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