Sector movers: Banks and miners lead rally

Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at the weekend. Barclays, Lloyds and Royal Bank of Scotland (RBS) all rack up double-digit percentage gains with Asia-focused bank Standard Chartered close behind. Market rumours suggest that RBS is set to announce 2,500 job cuts today.Miners are also going well as the apparent stabilisation of the situation bodes well for the global economy. Mining company Anglo American is to get out of the zinc business, selling its portfolio of zinc assets to Vedanta Resources. Vedanta is paying $1,338m for Anglo American Zinc on an attributable, debt and cash free basis.South African platinum miner Lonmin bounced back into the black at the interim stage on sharply increased revenue. Profit before tax for the six months to 31 March was $77m compared to a loss of $196m a year earlier. Revenue grew to $661m from $436m at the interim stage last year.Top performing sectors so far todayIndustrial Metals & Mining 5,792.00 +10.46%Forestry & Paper 4,640.30 +8.27%Automobiles & Parts 3,076.89 +8.22%Banks 4,903.60 +8.15%Real Estate Investment & Services 1,522.23 +7.57%