Big banks were the gainers in late deals as markets caught up in post Trump fall-out and the belief that an interest rate rise across the pond would lift rates globally.
In the US, bond yields were seen growing today.<
Top of FTSE 100 was Barclays (LON:BARC), up 4.76% to 211.40p, while RBS (LON:RBS) was also higher - up 4.69% to 211.10p.
Big cap broker Morgan Stanley reckons rates could rise five times in 2017 and 2018.
AFC Energy (LONAFC) was a notable riser on Monday as the power group told investors the completion of Generation 2 of its breakthrough KORE fuel cell system has extended the stack life and increased the time the system is able to generate power.
Shares added almost 15% to 21.25p but had earlier been 19% up.
Commercially, the most significant improvement is Gen2’s ability to accept lower grade hydrogen.
In doing this it widens the potential sources of fuel, lowering input costs but also increasing the potential addressable market.
Chief executive Adam Bond said: “The technical progression achieved materially supports our discussions with prospective commercial partners and in being able to utilise lower grade hydrogen has the potential to reduce the final cost of electricity generation from AFC's systems.”
Meanwhile, multi-commodity junior Sunrise Resources pls (LON:SRES) gained 8.57% to 0.19p as it expanded its Pozz Project in Nevada with the acquisition of a second deposit with natural pozzolan potential - known as the CS deposit.
Executive chairman Patrick Cheetham said: "We share the belief of existing pozzolan producers that this is an opportune time to be developing new sources of natural pozzolan as a "green" cement replacement material in concrete."
SDX Energy Inc (LON:SDX), up 16% to 26.4p. Investors were buoyed by the news that the firm has ‘high graded’ exploration prospects identified in new 3D seismic data at its South Dissouq project in Egypt.
The oil and gas company had been working to analyse and interpret the data and it highlighted today that the programme has identified several prospects, with numerous discoveries.
“These responses have allowed SDX to high grade several prospects for drilling in the near term,” SDX said in a statement. It added that the work de-risks prospectivity in the area.
SDX Energy – which owns a 55% stake in the venture – said it has now agreed with its partner the target and location for the drilling of a ‘carried’ exploration well at South Disouq. Drilling is due to take place in early 2017, it added.
Additionally, SDX noted that it has had enquiries from a number of parties about possible further farm-outs for the project.
The company told investors that whilst its costs are already fully carried for the current programmes and it is unlikely to farm-down further, it has agreed to allow selected companies to submit proposals to acquire interests in the project.
Elsewhere, Johnston Press plc (LON:JPR) was up 8% in early trading after it confirmed that it was in talks with Iliffe Media about the possible sale of some of its titles.
It wasn't such a great start to the week for Strategic Minerals PLC (LON:SML), though. Shares dipped by 6% to 0.48p on the news that it had agreed a deal to plough A$250,000 into its joint venture company, Central Australia Rare Earths.