Positive figures from Ford helped US stocks rally on Friday.
The US flagship car giant today posted a lower than forecast quarterly loss of 75 cents a share compared to expectations of a $1.2 loss.
The Dow Jones raced to a 101 point, or 1.28%, gain to 8,058 while the S&P 500 advanced 1.2%.
On the Dow, General Motors advanced 4.32% to $1.69 but American Express, up $2.75, or 13%, to $23.72, and Microsoft Corp, up $1.43, or 7.56%, to $20.35, currently top the winner's table.
Citigroup, down $0.06, or 1.94%, to $3.14, is among the early losers, which also include Pfizer.
The positive sentiment seeped to the UK by late afternoon Friday as the FTSE shook off appalling UK GDP figures to climb more than 2.5%.
Shortly before 3.30pm, the FTSE was up more than 102 points, or 2.54%, to 4,120 despite ONS data showing the nation's economy contracted by 1.9% in Q1, far more than anticipated.
Miners are among the winners, with Xstrata up 62p, or 11.9%, to 587.5p, and Fresnillo up more than 38p to 489.25p.
Elsewhere, Legal & General Group is up almost 4p, or 8.59%, to 49.3p, while Aviva is approaching a 20p advance to 531.5p.
Drax Group, down 13.5p, or 2.56%, to 513.5p, are among the losers, followed by Smith & Nephew, down 11p to 460p, and British Airways, down 3.8p to 162.5p.IFAonline
All-day event on 24 April
Consequences could be more severe than in stress tests
AFH has six segregated mandate funds
Variable operating expenses