Morning Markets: Europe boosted by US comeback

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The FTSE opened up at 5237.75, up 26.46 points, (0.51%) as European stocks edged higher in opening trading, drawing some optimism from Wall Street's late-session comeback.

The FTSE opened up at 5237.75, up 26.46, (0.51%) as European stocks edged higher in opening trade drawing some optimism from Wall Street's late-session comeback. The halt of BP's oil leak in the Gulf of Mexico, a settlement between Goldman Sachs and U.S. regulators, and the passage of a major financial-overhaul bill in the U.S. all helped sentiment, despite further signs of U.S. economic weakness and disappointing earnings from Google. BP topped the leaders' board trading at 424p, up 22.80 points (5.68%) as the oil company evaluates data from a pressure test it began yesterday that wi...

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