The FTSE100 has opened well this morning with financials and mining stocks leading a mini recovery for the blue chip index, currently 40.60 points higher (0.71%) to 5763.90.
HBOS is leading the way after being punished yesterday with its share price climbing back to its 275p rights issue level, currently 3.88% up to 268.
Standard Chartered, seen as the safest of the banking stocks, is 3.74% ahead to 1582; while Royal Bank of Scotland is 3.06% higher to 218.75.
Best of the miners are Antofagasta and Vedanta, up 3.84% to 636 and 3% to 2302 respectively.
Some poor figures for Homebase has led its owner Home Retail to suffer this morning, down 7.04% to 208.
Carphone Warehouse is being smashed despite seeing headline pre-tax profit surge 75% to £216m. It is currently 6.81% lower to 212.25.
In New York, another rise in crude oil prices and some shaky banking sentiment led the Dow Jones to struggle in Wednesday trading, down 205.99 points (1.68%) to 12083.77.
Aluminium producer Alcoa topped the losses as JPMorgan cut its rating to neutral, finishing 7.96% lower to 39.32.
A 13.85% dip for troubled Lehman Brothers smashed confidence for the financials sector, with Citigroup among the worst in the top 30 index – down 5.18% to 19.21.
General Motors continues its barren run, 4.1% behind to 16.12.
The oil giants expectedly enjoyed the best of the day, with Exxon Mobil up 0.82% to 88.61 and Chevron 0.65% higher to 99.42.
In Tokyo, Japan stocks fell for the third day this week after the oil price surge added to inflation concerns. The Nikkei 225 index dipped sharply on Thursday, down 294.88 yen (2.08%) to 13,888.60.
It was poor elsewhere in Asia/Pacific also, Hong Kong’s Hang Seng closed 322.62 (1.38%) lower to 23,004.98 and Sydney’s S&P/ASX 200 lost 138.10 (2.53%) to 5,329.20.IFAonline
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