The city made a promising start for the week - by mid morning Monday, the FTSE 100 was up 64 point...
The city made a promising start for the week - by mid morning Monday, the FTSE 100 was up 64 points to 5233, it's best level for five weeks and wiping out its losses for 2002.
Investors are still buoyed by last week's findings that the US economy expanded more than expected in the fourth quarter and UK manufacturing recorded growth in February for the first time in a year.
The icing on the cake could come at midday if a report from Brussels shows an increase in European business confidence for a third month in February.
FTSE 100 gains were paced by Pearson, Logica and British Airways.
Pearson improved 9% to 842p after the group impressed the city with new cost cutting initiatives, namely a cut back in its workforce this year and an assurance to reduce its online losses. Logica advanced 7% to 433p and British Airways gained 6% to 231p.
Losses among the FTSE 100 were modest and few – capped at 2% by Scottish Power.
In the US on Friday the Standard & Poor's 500 enjoyed its best weekly advance in five months of 3.9%, on the day it rose 2.3%.
The Dow added 4% for the week and 262 on the day to 10368. The Nasdaq improved 4.5% for the week and 71.25 to 1802.74 on the day.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till