FTSE 100 fluctuates on Monday

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Source: Dukascopy Bank
FTSE 100 faced a choppy session on Monday despite better than expected PMI data. Banks put negative pressure on the index after Financial Times reported several leading European lenders prepare to return the money borrowed via the ECB long-term refinancing operation. Barclays PLC lost 2.1%, Lloyds Banking Group PLC fell 2.2% while HSBC Holdings PLC slipped 1.3%. On the upside drug maker GlaxoSmithKline PLC rose 0.9% after its HIV-1 drug research met its main endpoint. At the moment of writing FTSE 100 trades 0.62% or 35.91 points higher at 5,777.97. 

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