The FTSE 100 climbed around 0.4% to roughly 10,600 in early Monday trading, building on Friday’s 1.1% gain.
HSBC rose around 2%, while Standard Chartered gained about 1.5%-1.8% and Barclays advanced 1.3%.
Metlen Energy & Metals added 2.4%, making it one of the strongest blue-chip performers, while Standard Life gained around 1.9%.
British Airways owner International Airlines Group rose 1.4%, as lower oil reduced some of the pressure on expected fuel costs following last week’s surge in energy prices.
Luxury group Burberry and telecoms company Airtel Africa each gained more than 1%.
The domestically focused FTSE 250 rose around 0.2% to 24,260, extending Friday’s recovery.
The FTSE AIM All-Share slipped 0.1%, leaving smaller companies slightly behind the wider London market.
For investors, Monday’s early trading suggests the market is continuing to unwind some of last week’s pressure from higher oil prices and rising bond yields.
The strongest support is coming from financial stocks, while the retreat in crude is improving sentiment towards airlines and other businesses exposed to energy costs.
Investor takeaway: The FTSE 100 extended Friday’s rebound on Monday morning, rising around 0.4% as banks led the gains and lower oil prices supported airlines. The broader FTSE 250 also advanced, although AIM slipped slightly.
