The Dow Jones climbed in early trading on Tuesday despite a marked slump in US housing starts.
A strong start for the mining sector this morning is helping the FTSE 100 rebound from yesterday's 1.4% decline.
UK inflation measured by the Consumer Prices Index (CPI) remained steady in July at 1.8% from the previous month, Office for National Statistics figures show.
The Dow Jones was rapidly approaching a 2% drop in early trading on Monday on fears the recent rally may have been overdone.
London's blue-chip index suffered a poor start to the week after sharp stock falls in Asia today, with property groups and miners among the early decliners.
Hong Kong's economy has become the latest to announce it is growing again and is no longer a part of the global recession.
The Dow Jones has fallen for the first time in three days as Consumer Price Index figures show the Fed's $1trn injection into the banking system has not led to faster inflation.
Speculation about Middle East investment in UK property firms has boosted the FTSE, which hit a ten month closing high yesterday.
US stocks fell in early trading today after unnerving sales figures from retailers.
The French and German economies are no longer in ‘official' recession after experiencing growth in Q2, new figures suggest.