London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.
Banks are once again leading the FTSE 100 gains in early trading, after a number of stocks soared upwards of 10% yesterday on the relaxing of Basel III rules.
The FTSE 100 opened higher, up 0.46% or 24.52 points to 5,337.14, on encouraging news from the oil sector.
UPDATE 12pm: The FTSE 100 index has climbed almost 1.6% in morning trading after strong late gains overnight on Wall Street.
Update 12pm: The FTSE dropped more than half a percentage point into the red this afternoon following a shaky morning session for banks.
The FTSE 100 edged higher in early morning trading, up 0.31% or 15.80 points to 5,148.74.
The FTSE 100 opened higher, up 0.35% or 18.22 points to 5,196.74 following Wall Street's late rally.
The FTSE 100 opened higher as investors responded positively to news BP has agreed to fund a $20bn oil spill compensation package.
The FTSE started the day positively buoyed by a strong start for bank stocks and increased hopes of a global recovery.
The FTSE 100 lost 40 points in early trade Thursday as BP shares continued to drop.