The FTSE 100 has ended the day up 27 points, or 0.46%, to 5,897.9 as Wall Street surged on news of a mild inflation report.
Energy group continued to try and drag the FTSE down, with Cairn Energy topping the losers with a fall of 2.08% to 1,978p, while Kazakhmys slipped 1.14% to 1,209p and BG Group dropped 1,1% to 718.5p.
However Reuters led the rally with gains of 2.71% to 388.5p, closely followed by Sage Group which climbed 2.49% to 226p, while property company Hammerson added 2.14% to 1,291p.
Partygaming also suffered by the close with losses of 1.19% to 104p, although Amvescap gained 2.32% to 517.5p, while Man Group also performed well with an increase of 2.22% to 415p.
In the US the Dow Jones Industrial Average index is making a good recovery from yesterday’s fall with a rise of 102.94 points, or 0.93%, to 11,200.81, on renewed hopes the Federal Reserve will not raise interest rates in the short term.
Retailer stocks are broadly higher as Home Depot has gained 3.46% to $34.41after reporting profits which beat estimates, while Hewlett Packard is continuing its run from yesterday with gains of 1.89% to $33.92.
However shares in Wal-Mart, the world's largest retailer, are down 1.71% to $44.33, as it reported a 26% drop in quarterly profit, for its first earnings decline in more than 10 years, because of a charge for selling its German stores to a rival.
Although stocks sensitive to interest rates, such as banks and financial institutions, have also gained, with JPMorgan Chase up 2.14% to $44.83, while Citigroup has gained 1.68% to $48.52.
Meanwhile, shares in Dell have risen 3.11% to $21.90, despite the world's largest personal computer maker announcing will recall 4.1 million notebook computer batteries because they could overheat and catch fire.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till