London's FTSE 100 bucked the downtrend, staging a late turnaround to close higher by 0.45% at 3987.4. Large-cap contributors to the advance in the FTSE included BP-Amoco, GlaxoSmithKline, AstraZeneca and Unilever.
Asian markets enjoyed further gains Monday after Friday's rally. Japan's Nikkei 225 average closed at 8,221.10, or 0.85% higher on Monday, its best level to its highest point in a month. The Nikkei had closed 1.5% higher on Friday.
In Hong Kong, the Hang Seng index closed up 71.4 points, or 0.79% at 9155.60.