The Dow Jones is flat in early trading on concerns the market revival may be outpacing the real rate of recovery.
London's blue chip index has passed the 5,000 points barrier once more, buoyed by optimism on Wall Street over night.
The Dow has slumped in early trading, despite optimistic figures showing more Americans are finding work.
Advisers have continued to recommend Cautious Managed funds, with the sector taking second place on Cofunds' best seller list for August.
The FTSE has opened lower upon investors' concerns the index has out-paced the recovery as it hit an 11 month high yesterday.
Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.
The Dow Jones pushed ahead in early trade after its Labor Day recess, as the market reacted to Kraft's attempt to buy Cadbury.
Gold has broken though the $1,000 an ounce barrier for the first time in six months, as doubts grow about the strength of the global recovery.
London's blue chip index climbed to an 11-month high this morning, buoyed by surging miners.
SVG Investment Managers' Andrew Goodwin believes European banking stocks still have room for significant upside.