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In early trading, the FTSE 100 has made a positive start to the week.
Strength in the mining sector has lifted the blue chip index early on, but trader focus is on Vodafone this morning, with the mobile telecoms company enjoying its biggest rise in weeks. This is on the back of a report in the weekend press that it was in discussions with Verizon about the future of the two companies joint venture Verizon Wireless. But this early surge for Vodafone is already starting to falter and with it being a fairly docile stock at the best of times it wouldnt be a surprise to see short-term traders desert it unless there is some more concrete news forthcoming.
Ahead of the US open, at the moment we are expecting the Dow Jones to start off around 50 points higher than Fridays close. All eyes this week will be on the 11,000 level for the Dow and with volatility having picked up over the past week it would not be a surprise if this was hit in the next couple of days.
