The FTSE 100 has opened more than 2% higher in early trading with miners and banks seeing double digit percentage gains this morning.
At 8:30am, London's blue chip index was up 87.61 points, or 2.06%, to 4,330.83.
Eurasian Natural Resources made the biggest increase, gaining 16.94% to sit at 725p, while Kazakhmys trailed close behind, soaring 15.68% to 682.50p.
In the banking sector, both Royal Bank of Scotland and Lloyds Banking Group were among the top winners. The former rose 14.77% to 50.50p - while Lloyds meanwhile gained an impressive 11.04%, rising to 121.70p.
Market falls were minimal with the biggest loser, Scottish and Southern Energy, slipping 1.63% to £10.87. It was followed by GlaxoSmithKline, down 1.55% to £10.15, as fears of Swine flu ease.
Finally, in Japan, the markets were closed Tuesday due to a public holiday. In the US, however, the news was also positive with stocks rising Monday as investors reacted to better than expected housing data and became more positive banks' capital is not as dire as originally thought. The Dow Jones industrial average rallied on the day, gaining 214.33 points, or 2.61%, to close at 8,426.74.Investment Week
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