The FTSE 100 is up 8.7 points, or 0.13%, to 6,579.2 in early trading, as little news following the long weekend is keeping the index flat.
Although in M&A news, Royal Bank of Scotland is the biggest loser with a fall of 2.1% to 629p, after it formally announced a bid for ABN AMRO worth €38.40 per share, or €71.1bn, while Centrica has also fallen 1.18% to 378p.
Drug company GlaxoSmithKline has slipped 1.95% to £13.08, closely followed by miner Vedanta Resources which has dropped 1.54% to £14.67, while Kingfisher has fallen 1.09% to 250p, although losses are being offset by BSkyB which is up 1.64% to 650.5p.
However, Vodafone is posting the biggest gains with a rise of 3.96% to 157.4p, as it revealed full year revenue of £31.1bn, closely followed by BA which has added 3.58% to 477.5p, while Mitchell & Butler is up 2.26% to 884p, and Kazakhmys has climbed 1.88% to £12.48.
In Japan, the Nikkei 225 Stock Average rose 84.97, or 0.5%, to 17,672.56, following reports which show the nation's jobless rate unexpectedly fell to a nine- year low.
Mizuho, Japan second-largest bank, climbed 19,000 yen, or 2.3%, to 864,000, while Sumitomo Mitsui Financial Group, the No. 3 lender, advanced 20,000 yen, or 1.7%, to 1.18 million, and Resona Holdings, Japan's fourth biggest, gained 10,000 yen, or 3.5%, to 297,000.
Elsewhere Mitsui O.S.K., the nation's second-biggest shipping company, climbed 23 yen, or 1.5%, to 1,603, while Kawasaki Kisen Kaisha, the third largest, jumped 31 yen, or 2.2%, to 1,431, Acom, the largest consumer lender by market value, soared 240 yen, or 5.1%, to 4,920, while Aiful jumped 90 yen, or 2.3%, to 4,000.
Sanyo Electric, the world's largest maker of rechargeable batteries, surged 20 yen, or 10%, to 213, while Tokyo Electric Power climbed 70 yen, or 1.8%, to 3,940, and NEC Electronics rose 155 yen, or 5.6%, to 2,915.
In the US the stock markets were closed yesterday for a national holiday, but on Friday the Dow Jones Industrial Average closed up 66.15 points, or 0.49%, to 13,507.28, as Alcoa led the gains with a rise of 1.72% to $40.90, while Home Depot was the biggest loser with a fall of 1.46% to $38.38.
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