With the Bank of England's Monetary Policy Committee expected to announce a cut in rates by 25 percen...
At morning trade the FTSE 100 was up 45.2 points to 5580.9.
A mix of gainers grace the leaders board, led by Railtrack, which bounced back from recent selling - shares gained 32p to 480p.
Select technology and telecom stocks are having a good day too. Index heavyweight Vodafone put on 4.75p to 200.75p and Cable & Wireless improved 18p to 490p.
On its way down in the FTSE 100 was support service group Capita which lost 17p to 433p. Financial stocks also suffered but losses were reasonably modest.
Another volatile day's trade in the US yesterday was compounded by more earnings warnings and investor paranoia about the economic future. The tense political situation with the US and China regarding a ditched spy plane is helping nerves either. Potential rallies were spurned and the major indices finished with the Dow Jones eking out a gain of 29.71 points to 9515.42. Technology stocks showed little resilience and the Nasdaq crumpled 34.2 points to 1638.8.
In Asia, the Nikkei closed higher for a second day up 138.38 to 13381.38. As the US urges the nation to speedily put together its banking reforms investors went on a spending spree based on the high expectations for the government's reform plan, expected to be announced tomorrow.
The Hang Sang was also down 496.9 to 12066.61 this morning with little trading time left.
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