Mining stocks lead the way in London this morning as the FTSE 100 begins trading higher after the four-day break, up 89.04 points, or 2.11%, to 4,305.63.
A resurgent crude price has also boosted the oil giants, as the tension in the Middle East pushed prices over 5% higher to nearly $40 a barrel.
Eurasian headlines the mining sector's surge, up 7.31% to 326.50 - closely followed by Kazakhmys and Anglo American, up 5.56% to 232.75 and 5.21% to 1494 respectively.
RBS is also ahead after weekend reports suggested the bank has stopped the £7bn sale of its insurance arms. RBS has lifted 5.62% to 45.10.
Property groups are in decline however, with recession concerns continuing to impact Hammerson, down 3.94%, and Liberty International, 3.1% behind to 484.50.
In the US last week, the Dow Jones closed 47.07 points higher, or 0.56%, to 8,515.55 - led by a 12.6% surge by auto giant General Motors. Aluminum producer Alcoa also climbed, up 4.15%.IFAonline
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions