LONDON (The Deal) -- Royal Bank of Scotland
(RBS - Get Report) led the London market up Monday morning as reports said the government will not opt for the nuclear option of fully nationalizing and then splitting the bank, which is currently about 80% government-owned, but will instead try and set up a bad bank inside the existing institution.
Meanwhile, security services group G4S saw its shares rise on its rejection of a $2.5 billion private equity bid by private-equity firm Charterhouse Capital Partners for its cash solutions business. It said the bid undervalued the unit.
In Germany, the Dax was up about 0.16% to over 9000, on solid company earnings, as well as optimism following Friday's example in New York while in Paris the CAC 40 was down by about 0.1% amount in early trading.
In Asia, stocks also followed the U.S. lead of Friday, heading up on the belief that then Federal Reserve's taper will now be postponed until next year.
Japan's Nikkei 225 climbed 2.2%, nearly reversing the 2.75% decline on Friday.
Hong Kong climbed 0.6% to 22,806.6 on solid earnings figures from the Chinese insurance sector.