The FTSE 100 Index is little changed, slipping 1.3 points, or less than 0.1%, to 5785.5 this morning.
BHP has advanced 20p, or 1.9%, to 1,072p, while Rio Tinto has gained 77p, or 2.6%, to 3,010p.
International Power has fallen 6.5p, or 2.4%, to 267.75p and BSkyB has dropped 5.5p, or 1.1%, to 479.5p. Credit Suisse has cut its recommendation on the stock to "neutral" from "outperform".
In Japan, the Nikkei 225 Stock Average gained 90.55 points, or 0.6%, to 16,551.23 after a report showing rising demand at home and abroad boosted factory production for a fifth month. Exporters such as Toyota Motor and trading companies including Mitsubishi paced the gains.
Toyota gained 70 yen, or 1.2%, to 6,020, while Nissan Motor advanced 22 yen, or 1.7%, to 1,321.
Mitsubishi, Japan's biggest trading company, climbed 160 yen, or 6.2%, to 2,760 and Sumitomo Mitsui Financial Group, Japan's third-largest lender, gained 20,000 yen, or 1.5%, to 1.32m.
Steelmakers including Nippon Steel rose on speculation an attempted takeover by Mittal Steel for Arcelor SA may spark more acquisitions in the industry. Nippon Steel gained 2 yen, or 0.5%, to 431, while JFE Holdings jumped 270 yen, or 6.7%, to 4,300.
Commodity-related stocks also jumped as copper, gold and crude oil prices gained.
Mitsui Mining & Smelting surged 55 yen, or 6.5%, to 905, Inpex climbed 70,000 yen, or 6.3%, to 1.18m and Sumitomo gained 66 yen, or 4.4%, to 1,579.
But consumer lenders fell for a second day led by Aiful, Japan's largest consumer finance company. Aiful plunged by the exchange-imposed daily limit of 1,000 yen, or 12%, to 7,410 after brokerages including JPMorgan Chase cut ratings on the stock.
Takefuji fell 280 yen, or 3.8%, to 7,040, recording a decrease in third-quarter profit as lending and profit margins continued to shrink. UBS AG cut its share-price estimates for the nation's four largest consumer lenders by value in a note to clients.
In the US, the Dow Jones Industrial average was up 97.74 points, or 0.90%, to end at 10,907.21 on Friday, buoyed by higher profits from blue chips Microsoft and Procter & Gamble, while a government report showing slower-than-expected economic growth lifted expectations for an end to interest-rate increases.
Shares of Microsoft rose 4.9%, or $1.29, to $27.79, while the shares of consumer products company Procter & Gamble gained 1.6%, or 92 cents, to $59.74, after hitting a record $59.80 on the New York Stock Exchange.
Heavy equipment maker Caterpillar was the Dow's biggest positive influence, with its shares up 3.6%, or $2.36, at $67.53. Its shares earlier reached a record high of $68.37.
A surge in US crude oil futures prices lifted shares of energy companies such as Exxon Mobil, but failed to drive the broader market lower as it did last Friday.
Exxon Mobil - up 2.24%, or $1.34, at $61.29 - was the second-biggest contributor to gains in the Dow.IFAonline
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