The FTSE 100 index has started the week up, adding 22.2 points or 0.4% to 6051.6 points, led by British Land, BHP Billiton and BAA.
BHP Billiton has climbed 3.5% to £11.63 as oil climbed to near record highs and metal prices rose.
British Land has risen 1.6% to £12.40 after UBS AG and Merrill Lynch upgraded their stock recommendation on the company to "buy" from "neutral".
BAA has gained 2.4% to 861.5p. The company, the target of a hostile takeover from Spain's Grupo Ferrovial SA, has rejected a bid led by Goldman Sachs Group which valued it at £9.4bn.
In Japan, the Nikkei 225 Stock Average index climbed 232.5 points or 1.4% to 17,232.86 points after Lehman Brothers named Mizuho Financial Group its top pick among lenders and said the largest banks may rise by as much as 29%.
Mizuho rose 28,000 yen, or 2.9%, to 1m yen, Mitsubishi UFJ gained 30,000 yen, or 1.7%, to 1.85m yen and Sumitomo Mitsui Financial Group added 10,000 yen, or 0.8%, to 1.33m yen.
Brokerages also gained after the Nihon Keizai newspaper said Nomura Holdings will create a 200bn yen fund that invests in real estate owned by hospitals and nursing-care facilities.
Nomura added 75 yen, or 2.9%, to 2,665 yen and Daiwa Securities Group surged 74 yen, or 4.9%, to 1,577 yen.
Nippon Oil added 16 yen or 1.7% to 942 yen after crude oil rose 1.6% to a record close of $70.40 a barrel.
Cosmo Oil also gained 19 yen or 3% to 658 yen and Inpex Holdings increased 20,000 yen, or 1.6%, to 1.24m yen.
Nippon Mining surged 61 yen or 5.8% to £11.19 yen as copper prices rose to a record in Shanghai and gold prices climbed as high as $618.90, the highest in more than 25 years.
In the US last week, the Dow Jones industrial average index closed down 63.87 points or 0.57% at 11,073.78 points as surging oil and gold prices stoked investor fears about inflation risks and overshadowed optimism about corporate profits.
JetBlue Airways dropped 9% or 93 cents to $9.47, while Continental Airlines fell 10.8% or $2.95 to $24.42, leading a decline in airline stocks on concern about oil prices.
General Electric fell 1.8%, or 60 cents to $33.29, while shares of 3M shed 0.9% or 71 cents to $80.26.
Only five of the 30 Dow components traded higher. Among them, Citigroup's stock was up 0.6% or 30 cents at $48.35 and shares of Exxon Mobil gained 0.8% or 49 cents to $62.05.IFAonline
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