In the UK the FTSE has started well, adding 27.20 points in its morning session to 5341.90, led by Standard Chartered.
The UK bank has picked up as much as 64p or 5.7% to 1189p, after reporting a 28% increase in first-half profit aided by acquisitions and rising revenue at its consumer and corporate banking units.
Cable & Wireless has also lifted 2.5p to 164.75p. The Sunday Times reports the communications firm’s proposed bid for Energis is being opposed by some Energis investors who want more money.
International Power meanwhile has slipped 2.25p to 223p. The company posted an 84% rise in first-half profit late last week.
In Tokyo the Nikkei 225 Stock Average advanced 0.1% to 11,778.98 at its close early Saturday morning, after Prime Minister Junichiro Koizumi called elections for next month, as politicians from his own party joined the opposition to reject his plan to sell Japan Post.
The Nikkei had earlier lost 1.8% in the past two sessions, retreating from a 15-month high.
Credit Saison picked up 5.9% to 3,950 yen, after reporting net income of 11.8b yen for the three months to the end of June, from 7.9b yen the previous year.
Drug firm Chugai, the local unit of Roche Holding AG, increased 6.3% to 1,985 yen, after Lehman increased its stock rating from ‘equal weight’ to ‘overweight’.
A drop in the yen against the dollar also helped to boost shares of the nation's car manufacturers, led by Toyota up 0.7% to 4,200 yen, along with Nissan adding 1% to 1,156 yen, while Honda picked up 0.7% to 5,740 yen.
In the US the Dow Jones Industrial Average declined 52 points to 10558.03 at its close late Friday evening.
General Motors shed $0.86 to $ 35.19, along with Altria, down $1.22 to $66.33.
Microsoft meanwhile, has climbed $0.44 to $ 27.76, while pharmaceuticals firm Merck & Co has added $0.32 to $30.66.IFAonline
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