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The FTSE 100 increased by 0.2 per cent, 10.63 points higher at 5,566.60 after recovering from a 0.5 per cent drop, Reuters reports.
According to the news provider, strength in banking led to the slight rise, although there were thin trading volumes due to upcoming US jobs data.
Manoj Ladwa, senior trader at ETX Capital, predicted it could be the calm before the storm as traders wait for the American non-farm payroll figures to come out later this week.
He added: "Equities are as dull as dishwater this morning as the FTSE trades within a 50-point range."
One of the positives came from the banks and in particular HSBC, which was up 0.9 per cent.
But yesterday mining firms pushed the FTSE 100 down shortly after midday, putting it on 5,573.11 points, the news provider reported.
Posted by Greg Secker
