Financials stocks rose again Tuesday morning off the back of Monday's rally in the banking sector.
However, this could not lift London's blue-chip index out of the red, with the FTSE 100 dropping 22.62 points or 0.54% to 4,186.87.
Meanwhile, Friends Provident also entered the top five highest performers this morning rising 5.18% despite disclosing new life and pensions business for 2008 was down 11%.
In its latest trading report for the year ending 31 December 2008, the company reports its financials are strong, despite the uncertainty in the markets and the further widening of bonds spreads in Q4.
The company adds it is also on target to make its goal of £40m in cutbacks by the end of 2009.
Turning east to Japan, Tokyo's Nikkei 225 Stock Average climbed 4.9% as the government announced it would offer public funds to companies hit by the global credit crisis.
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