Banks help FTSE trade cautiously higher London's equity markets climbed cautiously, but were restrained by further confusion over plans to bail out Greece. Following a late turnround for stocks on Wall Street overnight and a rally in Asian trade, London's FTSE 100 climbed 7 points, or one per cent, at the open to 5,907.32. It was announced on Tuesday evening that a meeting of senior eurozone finance officials scheduled for Wednesday had been cancelled. Jean-Claude Juncker, Luxembourg PM who was to chair the meeting, said the delay was caused by the failure of Greece to commit to the bail-out's terms. Also holding back the FTSE were four of the index's biggest stocks, drug makers AstraZeneca and GlaxoSmithKline, and oil majors BP and Shell, which all traded without rights to the latest dividend payment. Shares in AstraZeneca fell 3.7 per cent to £29.08, while GSK lost 1.3 per cent to £14.21. BP slid 1.2 per cent to 488.6p and Shell eased 0.7 per cent to £23.45. But the bank sector mounted a rally, with HSBC setting the positive tone after it was reported the bank was to increase its presence in China through an expansion of its branch network. HSBC shares climbed 1.6 per cent to 570.4p. Barclays, meanwhile, climbed 2 per cent to 239.7p after Citigroup raised its target price on the stock to 300p from 275p. Elsewhere in the bank sector, Standard Chartered gained 1.4 per cent to £16.07, while Royal Bank of Scotland added 2.1 per cent to 27.23p. Lloyds Banking Group rose 1.1 per cent to 34.65p. Further down the market, Domino's Pizza reported a forecast-beating 14.6 per cent rise in full year pre-tax profit thanks to a surge in new store openings. The stock, however, slipped 1.7 per cent to 469.3p as like-for-like sales growth of 3.7 per cent looked a little on the light side. The mid-cap FTSE 250 gained 0.3 per cent to 11,279.14. Following Tuesday's official consumer inflation data, investors on Wednesday will get an insight into the Bank of England's forecasts for the measure when its quarterly inflation report is published at 10.30am.