The FTSE 100 is up 54.9 points, or 0.86%, to 6,474.5 in early trading, as miners and property stocks push the index higher.
BSkyB is posting the biggest gains with a rise of 5.39% to 616p, following better than expected profits, while miner Lonmin has added 5.21% to £34.93, on a rise in metal prices.
Among property stocks Liberty International has advanced 2.7% to £12.56, closely followed by Land Securities Group which has added 2.57% to £19.99, while Hammerson has climbed 2.41% to £15.72.
However, Shire is the biggest loser with a fall of 1.99% to £11.30, closely followed by Home Retail which has declined 0.99% to 451.5p, while Pearson has dropped 1.5% to 887.5p.
Other media stocks have also dropped with Reuters Group down 1.37% to 487.25p in early trading, closely followed by Daily Mail and General Trust which has slipped 1.1% to 853p.
In Japan, the Nikkei 225 Stock Average advanced 119.94, or 0.7%, to 17,394.92, as steelmakers rose on speculation rising prices for their products signal an increase in profits.
Nippon Steel, the world's No. 2 maker of the alloy, climbed 15 yen, or 1.9%, to 812, while JFE, the third biggest by output, jumped 240 yen, or 3.6%, to 6,900, and Kobe Steel, Japan's fourth largest, rose 17 yen, or 4.1%, to 435.
KDDI, Japan's second-largest mobile-phone operator, rose 39,000 yen, or 4.1%, to 1 million, while Resona Holdings, the nation's fourth-biggest bank, added 11,000 yen, or 4.1%, to 282,000.
Toyota lost 40 yen, or 0.6%, to 7,230, while Honda Motor, which had 55% of its sales in North America in 2006, fell 30 yen, or 0.7%, to 4,040, and Nissan Motor declined 15 yen, or 1.2%, to 1,205.
Promise led gains by consumer finance companies, rising 170 yen, or 4.6%, to 3,840, while Credit Saison, a credit card provider, climbed 140 yen, or 4.1%, to 3,560, and Aiful, the largest consumer lender by assets, surged 150 yen, or 4.9%, to 3,200.
In the US, the Dow Jones Industrial Average gained 73.23 points, or 0.56%, to 13,136.14, following strong manufacturing data and a weak read on housing.
Just four stocks ended the session lower, led by Procter & Gamble which slipped 2.24% to $62.96, while Alcoa dropped 2.06% to $34.76, Merck fell 0.89% to $50.98, and Altria Group declined 0.16% to $68.81.
However Hewlett-Packard posted the biggest gains with a rise of 1.85% to $42.92, closely followed by McDonald’s which added 1.78% to $49.14, while Disney advanced 1.4% to $35.47.
In addition Home Depot ended the session with gains of 1.48% to $38.43, closely followed by Honeywell International added 1.66% to $55.08.
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