The FTSE 100 has recovered from yesterday's heavy losses as positive results news has pushed the index up 86.6 points, or 1.44%, to 6,087.3 in early trading.
Imperial Tobacco Group is posting the biggest gains with a rise of 5.76% to £21.65, while Cadbury Schweppes is up 4.4% to 628.5p, after it revealed it intends to separate its confectionery and Americas Beverages businesses.
Meanwhile Prudential is up 3.97% to 668.5p, as it announced a 15% rise in full-year profit, although miners are also doing well with Antofagasta up 4.24% to 467, while BHP Billiton has added 4.24% to £10.32.
Just three stocks are making losses at the moment, with International Power down 0.13% to 372.25p, while United Utilities has slipped 0.07% to 715p, and Alliance Boots has dropped 0.05% to £10.11.
In Japan the Nikkei 225 Stock Average rose 183.50, or 1.1%, to 16,860.39 at the 3pm close, as exporters led the advance after the yen weakened against the dollar, boosting the value of overseas sales.
Toyota, the world's largest carmaker by market value, added 120 yen, or 1.6%, to 7,660, while Sony, the world's No. 2 consumer electronics maker, climbed 100 yen, or 1.7%, to 5,960, and Honda Motor advanced 40 yen, or 1%, to 4,150.
Nippon Steel jumped 22 yen, or 2.6%, to 857, while JFE Holdings, Japan's second-largest steelmaker, climbed 220 yen, or 3.1%, to 7,220, and Mitsubishi Heavy Industries, the builder of Japan's first nuclear power station, soared 60 yen, or 9.2%, to 716.
Elsewhere Hitachi jumped 43 yen, or 5.3%, to 856, while Toshiba climbed 26 yen, or 3.6%, to 758, Sumitomo, Japan's third-largest trading company, advanced 45 yen, or 2.2%, to 2,110, and Japan Steel Works surged 108 yen, or 9.8%, to 1,206.
In the US the Dow Jones Industrial Average ended yesterday’s session up 57.44 points, or 0.48%, to 12,133.4, as after a volatile session the index managed to shrug off concerns over the sub-prime mortgage sector.
Microsoft posted the biggest gains with a rise of 2.54% to $27.40, closely followed by American Express which added 1.75% to $55.71, while Alcoa climbed 1.74% to $33.32, and Exxon Mobil advanced 1.59% to $71.02.
3M Company also ended the session up 1.38% to $75.80, although gains were limited by insurer American International Group which declined 0.53% to $67, while Pfizer slipped 0.32% to $24.86.
However General Motors was the biggest loser with a fall of 0.85% to $30.25, closely followed by Du Pont which slipped 0.66% to $50.01, while Wal-Mart declined 0.5% to $45.73.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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