FTSE stays positive as financials and miners extend gains. Joshua Raymond at City Index notes that since July 13, the FTSE 100 is 12% higher and rallying at an average of 1.2% each day, largely following a pleasing earnings season. Says, “the main positive it shows is [the] growing trust amongst investors that the heavyweight stocks will head in the right direction.” Warns, though, that stock prices could be artificially inflated if companies are beating expectations due to lower expectations, allied with low volumes in equity markets.