US stocks have made modest gains this morning, with the Dow Jones up 51.43 points (0.59%) to 8,772.87, as a report issued by The National Association of Realtors revealed pending sales of US homes (excluding new-builds) in April have seen their biggest monthly gain in seven and a half years.
However, financials suffered as JPMorgan Chase and American Express announced plans to raise at least $7.7bn to meet the capital requirements imposed by the Federal Reserve, with the former down 2.55% to 35.19 cents and the latter sinking 4.27% to 24.88 cents. Meanwhile, the FTSE 100 remained in the red, down 33.12 points (0.73%) at 4,473.07 with banks continuing to decline on the news one of Barclays key shareholders is offloading its stake. The news saw Barclays share price drop 13.75% to 272p, while Lloyds is down 4.55% at 69.2p, HSBC has dropped 1.81% to 542p and RBS is down 3.73% a...
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