After huge losses the FTSE 100 has shown signs of recovery, opening up 43.1 points, or 0.69%, to 6293.7.
Unilever was one of the earliest movers, jumping 102p, or 6.78%, to £16.06, while Prudential, up 20.5p, or 3.02%, to 698.5p, and SABMiller, up 31 points, or 2.52%, to £12.61, also helped push the FTSE forward.
Early gains are being stemmed however by losses for Mitchells & But, down 30.5p, or 4.08%, to 717.5p, Punch Taverns, down 30 points, or 2.69%, to £10.86, and Whitbread, down 27p to £16.26.
In the US, a strong start on the Dow Jones just got stronger as the index finished up 150.38 points, or 1.14%, to 13362.37.
Merck & Co helped the Dow Jones on its way, jumping 1.37 points to 51.02. Close behind though was AT&T, up 1.07 points to 40.23, and Disney, up 0.83 points, or 2.52%, to 33.83.
Only two firms stalled index gains even further: Honeywell International, which closed down 0.36 points, or 0.63%, to 57.15, and Alcoa, down 0.08 points, or 0.21%, to 37.95.
In Japan, the Nikkei 225 added 113.13 points, or 0.7%, to 16,984.11 at the close in Tokyo.
Mitsubishi Estate, Japan's biggest property developer by market value, jumped 190 yen, or 6.3%, to 3,200.
Urban, which securitizes properties, surged 199 yen, or 11%, to 2,020, the biggest gain since May 19, 2006, while Daiwa House Industry Co, a homebuilder, rose 60 yen, or 4%, to 1,570.
If you would like to comment on this story, contact:
020 7034 2636
2,000 clients to go
Challenging parliamentary arithmetic
‘Still work to do' on Cofunds
Industry Voice: This year has seen investment management charges come under the spotlight.