The FTSE 100 has started well this morning with the retail and mining sectors again topping demand, the index is currently up 37.20 points (0.6%) to 6241.90.
Retailers are leading the way early, with B&Q owner Kingfisher up 4.99% to 153.60 and Marks & Spencer is too far behind up 2.82% to 410.
Cairn Energy is also lighting up, 2.72% ahead to 3437; while a Citigroup upgrade to 'buy' has driven Standard Life higher, currently 2.63% up to 263.75.
British Energy is struggling however on news French group EDF is the only company interested in making a full bid for the company. The energy firm is 1.36% lower to 691.50.
In New York, the markets expectedly fell last Friday as the surprise AIG Q1 results smashed sentiment on Wall Street. The Dow Jones IA dipped 120.9 points (0.94%) to 12745.88.
The world’s largest insurer AIG plummeted as its bad debt rocketed, falling 8.77% to 40.28.
General Motors was hit as poor figures from its Japanese rivals filtered across the Pacific, the carmaker lost 4.07% to 20.29.
It was a mixed day for other financials, with giant Citigroup falling 2.76% to 23.63 – but JPMorgan Chase led the gains, up 1.13% to 46.57.
In Japan, the Nikkei 225 index climbed 88.02 yen (0.64%) to 13,743.36 on Monday as defensive stocks leapt to the front of investor queues.
Big multi-nationals such as Japan Tobacco and photographic giant Konica Minolta did well on a good rebound session in Tokyo.
Elsewhere in Asia/Pacific, Hong Kong’s Hang Seng index slid 386.62 points (1.52%) to 25,063.17, but banking merger speculation boosted Sydney’s S&P/ASX 200, jumping 56.70 points (0.98%) to 5,828.50.IFAonline
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