In London, the FTSE 100 was up 49.7, or 0.8%, to 6300.3 after British Airways defied yesterday's massive fine.
BA made big gains despite a scandal over price fixing, up 17.5 points, or 4.53%, to 403.75p. Unilever shares were up 64p, or 4.26%, to £15.68 and Vodafone shares added 6.2 points, or 4.12%, to 156.6p. Marks & Spencer shares gained 21 points, or 3.42%, to 635.5p and Prudential was up 22 points, or 3.24%, to 700p by the end of trading.
Mitchells saw the biggest losses and shares were down 35 points, or 4.68%, to 713p. Whitbread shares fell by 65 points, or 3.93%, to £15.88 and Rio Tinto followed, down 110 points, or 3.19%, to £33.35.
In New York, the Dow Jones seems to be showing early signs of recovery, currently up 63.32 points, or 0.47%, to 13425.69.
Bank of America gave Hewlett-Packard a buy rating, pushing the computer conglomerate to the morning’s best result, up 1.68 points, or 3.6%, to 48.41.
Honeywell International is also doing well, up 1.3 points, or 2.27%, to 58.45.
Aluminium manufacturer Alcoa is struggling early, down 0.57 points, or 1.5%, to 37.38
A flat profit report has led to a loss for Exxon Mobil dropping 1.27 points, or 1.48%, to 84.57.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till