The FTSE 100 has opened strongly this morning as it looks to correct Wednesday's losses, currently 52 points up (0.88%) to 5945.60.
Reed Elsevier leads the gains after the publisher agreed to buy insurance data company ChoicePoint for £2.1bn. Reed is currently 3.85% to 606.50.
Miners again have opened well with Vedanta 3.52% ahead to 2296 and Antofagasta 2.78% up to 851.50. BHP Billiton is also among the climbers.
Alliance & Leicester is again leading the losses after it scrapped its profit target yesterday, currently down 3.66% to 474.
News it ended secret talks with rival brewer SABMiller is sending Scottish & Newcastle lower, it’s down 2.41% to 788.
In New York, Hewlett Packard enjoyed a stunning day at the office, leading the Dow Jones to recover from an early jittery start – closing Wednesday up 90.04 points (0.73%) to 12427.26.
HP surged after higher than forecast Q1 results, with net income up 38% to $2.13bn on the previous tear. The computer giant closed 7.94% higher to 47.44.
Rival IBM climbed on the positive news, up 2.71% to 107.85. Insurer AIG also performed well, 1.85% to 47.90.
AT&T lost ground after Credit Suisse downgraded its stock to ‘neutral’, falling 4.26% to 34.36.
General Motors and Boeing fell on a poor day for the transportation giants, down 1.77% to 25.54 and 1.6% to 84 respectively.
In Tokyo, the Nikkei 225 index soared in Thursday trading, closing the session up 377.91 yen (2.84%) to 13,688.28.
Near-record gold and strong copper prices were the key drivers in Japan, with Sumitomo Metal Mining experiencing its largest one-day gain in a decade, up 15.32% to 2,175.
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