Resilient bank shares have helped the FTSE 100 regain its upwards trajectory today (February 11th).
The market climbed 22.30 points to reach 6,286.23 at 10:30 GMT, which comes after it recorded its first weekly loss in 2013 last week.
Among the banks posting a strong performance has been Barclays, whose 1.4 per cent climb helped it make up one-third of early trade for the index.
Speaking to Reuters, Olivetree Financial Group strategist Simon Maughan explained this movement is attributable to the bank's attempts to reduce its spending by £2 billion.
"However, we've not seen the same positive movements in the credit or options market, where Barclays has performed much as any other large European bank," he added.
A total of eight points were added to the market by the financials sector – comprised of banks, insurers and asset managers – with this movement playing a key role in helping to regain stability following the recent 1.3 per cent loss.
Learn all about CFD trading strategies and the FTSE 100 at City Index.