Oil markets saw little change on Monday as the market readied itself for a potential fallout between the US and Venezuela following Sunday's election, after it was labelled a “sham” by Washington.
London stocks were holding onto gains by the close, underpinned by a strong showing in the mining sector and well-received earnings from HSBC.
Sterling moves on Monday were fairly lacklustre for much of the day due to a mixed bag of medium impact news, ahead of what is sure to be a volatile week.
The number of UK companies showing signs of significant distress rose to its highest level for at least five years, insolvency experts said on Monday.
Online marketing company Veltyco Group confirmed in an announcement on Monday that its Bet 90 website went live on 28 July, following its acquisition of the property on 28 June.
US stocks were mixed in early trade on Monday as investors digested data on pending home sales and regional manufacturing and looked ahead to a busy week.
US pending home sales rose more than expected in June, according to figures from the National Association of Realtors.
Economic activity in the Chicago area deteriorated more than expected in July, according to data released on Monday.
London's FTSE 250 was up 0.4% to 19,803.69 in afternoon trade.
London's FTSE 100 was up 0.6% to 7,408.97 in afternoon trade as investors digested results from banking giant HSBC.