Early gains for a handful of financial stocks has driven the FTSE 100 higher in early trading this morning - up 28.5 points, or 0.67% to 4,277.66.
Schroders (non-voting) shares are leading the way this morning, 3.98% ahead to 680p. Also higher is the Royal Bank of Scotland, despite Panorama exposing it was only a week or so away from going bust at the height of the banking crisis. RBS is 3.86% up to 43p.
While insurer Aviva has advanced 3.55% to 378.75p, other sector peers have started sluggishly - with Legal & General down 3.82% to 73.1p and Royal & Sun Alliance behind 3.42% to 144.20p.
In the US overnight, news Toyota is poised to post is first loss since World War II has hit the American car makers, with the already ailing General Motors falling 21.6% to $3.52.
The Dow Jones closed Monday 59.42 points lower, or 0.69%, to 8519.69 - while the tech-heavy Nasdaq dived 31.97 points, or 2.04%, to 1,532.35.IFAonline
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