As punters await figures from Finnish mobile phone maker Nokia the betting is that they will be good ...
However, regardless of Nokia's figures, things could turn either way later today when Federal Reserve chairman Alan Greenspan talks before a Senate committee in the US Congress.
London's rise this morning mirrors better performances overnight in New York and across Asia.
The Dow Jones Industrial Average index closed up 17.16 points at 9,730.96 last night as the tech-heavy Nasdaq Composite index close up 39.85 points at 1,922.38.
Tokyo climbed too, as the Nikkei 225 index closed up 33.14 points at 10,074.05.
Things were slightly less positive in Hong Kong, where the Hang Seng index ended down 48.76 points at 10,713.38.
The FTSE rose yesterday on the back of strong rises in oil stocks.
That story continued today as BP put on another 4p to 536p and Shell added 2.5p to 469.5p.
Enterprise Oil is up 5.25p at 606.25p.
Tech and media stocks are forging ahead too, reversing some of the past week's losses.
Phone messaging software company Logica had lost ground on fears of increased competition in its markets, but the stock is up 21p at 556p today as investors find renewed faith in the company.
Chip maker Arm is up 11.25p at 314.25p after further good news in the chip industry overnight.
Reuters is up 20p at 595p, Sage is up 6.5p at 246.5p and Invensys is up 2.75p at 122p.
Telecoms stocks Vodafone, BT Group, Cable&Wireless and MmO2 are all up so far today.
On the losers side, British Gas is off 5.75p at 281.25p after yesterday's gains when it announced a deal to buy assets from failed US energy trading company Enron.
Financial services are also taking a bashing, as Legal&General has shed 3p at 166.5p and Friends Provident is also down 3p at 207p.
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