FTSE bounces back after lengthy losing streak

European markets have opened the week in positive territory, with the FTSE 100 rebounding from a period of extended losses.

Ending its nine-day losing streak on Friday, London's leading index today opened up 1.93% or 100 points to 5,264. Investors have been pumping cash back into areas such as financials and miners, which took the largest hit in last week's sell-off. Meanwhile, in Europe the French Cac gained 2.94% or 84 points to 2,940, while Germany's Dax rose 2.9% or 159 points to 5,652 in early trading. A broker note from UBS warning markets are pricing in a break-up of the euro failed to dampen optimism in Europe's leading indices. "Fixed income investors are betting that either Germany moves t...