The FTSE 100 has opened strongly this morning on the back of solid mining gains and a boost to tour operators. The index is currently 85.90 points ahead (1.48%) to 5874.80.
Thomas Cook is higher as rival TUI Travel announced encouraging post-Christmas consumer demand, with Cook 5.48% higher to 260.
Kazakhmys and Anglo American are leading the mining gains on a stellar start for the sector, up 5.44 to 1201 and 4.91% to 2586 respectively.
Biopharmaceuticals company Shire is leading the losses this morning, down 1.32% to 934 – while Alliance & Leicester is 1.17% down to 716.50.
In New York, the Dow Jones ended the day strongly after speculation mounted on a further Federal Reserve rate cut. The index closed 176.72 points higher (1.45%) to 12383.89.
JPMorgan Chase led gains on an upbeat day for the financial sector, up 4.42% to 45.57.
American Express was another financial to enjoy a fine day, despite reporting a slide in Q4 earnings. It climbed 4.31% to 47.40.
Construction and mining equipment manufacturer Caterpillar also performed strongly, closing 3.46% to 68.21.
Steady like for like sales led McDonalds to a pounding, as analysts forecasted a rise for the fast food conglomerate. The chain fell 5.6% to 51.07.
In Tokyo, the rally on Wall Street and a weaker yen helped the Nikkei to 390.95 point gain (2.99%), to 13,478.86.
Another boost came from report showing Japanese monthly household spending climbed 2.2% in December compared to a year earlier, higher than analyst predictions.
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