Morning Markets: FTSE rises away from 'death cross' pattern

It opened up 19.48 points, or 0.38%, to 5119.71 as investors look ahead to the G20 weekend summit of world leaders in Canada. Three days of declines have pulled the index's 50-day moving average down to 5,329.15, little more than a point above the 200-day figure of 5,328.1. The last time the FTSE 100 formed a so-called "death cross pattern", where the 50-day average drops below the 200-day average, was in December 2007 as UK stocks began a 45% slump through March 2009. Financials helped lift the index, despite, a bearish semi-annual Financial Stability Report from the Bank of En...