In the UK, the FTSE 100 Index continues to rise, boosted by good trading in the US markets.
The benchmark has added 12.1 points to 4864.40 points, led by Cable & Wireless up 3.25p to 126.25p.
Mining firms are also profiting in morning trading with BHP Billiton up 13.5p to 670.5p, as analysts raised its stock price estimates.
Rio Tinto has also added 33p to 1683p. The company is expected to announce good results on Thursday, while Anglo American has also picked up 21p to 1253p.
Northern Rock meanwhile, has shed 11.5p to 772p.
In Japan the Nikkei 225 Stock Average dropped 3.19 points to 11,384.40, led by Mitsubishi Motors after the company’s largest shareholder, Phoenix Capital, announced the selling of its entire stake in Mitsubishi.
At the benchmark's close early this morning, Mitsubishi Motors shed 8.4% to 131 yen. Phoenix Capital bought its 28% stake in Mitsubishi Motors in July for 74bn yen.
UFJ Holdings, Japan's fourth-largest bank, lost 1.6% to 609,000 yen after a newspaper reported that Mitsubishi Tokyo Financial Group is to pay less than investors expected to merge with UFJ.
Mitsubishi Tokyo Financial picked up 0.1% to 978,000 yen.
In the US the Dow Jones added 62.74 points to 10,489.94 points, boosted by the relatively peaceful voting process in Iraq yesterday.
Home Depot led the rise, closing $1.64 higher to $41.26 late last night, while Caterpillar added $1.64 to $89.10.
And Proctor & Gamble shed $0.92 to $53.23.IFAonline
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