In the UK the FTSE 100 Index has climbed a further 30 points to 5344.30, led by Standard Chartered.
The UK bank has climbed 86p or 7.5% to 1211p, after reporting a 28% increase in first-half profit aided by acquisitions and rising revenue at its consumer and corporate banking units. Its figures were well above analyst’s estimates.
Oil and mining firms BP and BHP Billiton advanced 12p to 649.50p and 15.50p to 840p respectively.
HBOS meanwhile also profited 16.5p to 912p. The bank announced plans to buyback £1bn of shares this year, a third up from its original announcement, after increasing its interim profits by 15% to £2.2bn last week.
On the downside the Royal Bank of Scotland Group has declined 27p to 1622p, after reports circulated it is amongst group of four foreign investors preparing a collective £3.4bn bid for a 25% stake in Bank of China.
BSkyB is also down 8p to 554.5p.
In the US the Dow Jones Industrial Average has reached about 8 points higher to 10566.49, paced by McDonalds.
The fast food chain has increased $0.89 to $32.19.
Aluminium firm Alcoa, has also climbed $0.73 to $28.47.
Leading morning fallers, Microsoft has shed $0.46 to $27.29, with Gen Motors losing $0.27 to $34.92.IFAonline
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