Ongoing recovery gives managers cause for cautious optimism as Legg Mason Clearbridge US Appreciation stays close to benchmark weightings
US stocks closed lower on Friday despite a strong labour market report for February, as the oil price continued to rise, driven by continuing turmoil in Libya.
Most European bourses look cautiously positive in morning trading ahead of the US non-farm payrolls data for February.
Ongoing disruption in the Middle East and the higher oil price has dragged on global markets, with many seeing losses of more than 1%.
Persisting unrest in Libya has dragged global markets down, with London's leading share index dropping back below the 6,000 mark reached yesterday afternoon.
London's leading share index had a sluggish start this morning, while European markets fell on uncertainty over the Middle East and oil supply.
London's leading index rose almost 150 points, or 2.48%, to reach 6,045 by late morning, buoyed by the commodities sector.
US markets closed 1% ahead yesterday on a buoyant day for global shares as fears around the European sovereign debt crisis eased.