In London the FTSE 100 Index has closed up 11.5 points to 4,801.7 at its close.
Leading the field were Tate & Lyle up 11.5p, or 2.5%, to 465p after UBS AG boosted its rating on the sugar maker's shares.
Mining companies including BHP Billiton and steelmaker Corus Group were among the biggest gainers. BHP, the world's No. 1 miner, rose 15p, or 2.4%, to 639p. Anglo American, the No. 2, gained 31p, or 2.7%, to 1,161p
Corus, Britain's biggest steelmaker, climbed 1p, or 2.4%, to 43.25p. Shares in the company had fallen 20% in the two weeks prior to today.
But shares in phone-equipment manufacturer Marconi, continued to fall sliding a further 36.5p, or 12%, today to 261.5p after Marconi failed to win a piece of £10bn pounds worth of contracts from BT yesterday.
In the US the Dow Jones Industrial Average started well but has since slumped as shares of Honeywell International and Wal-Mart Stores have declined.
The Dow average has lost 3.77 points to 10,066.60 currently after gaining as much as 0.7% in this morning’s trading.
Honeywell has dropped $0.61 to $35.32 while Wal-Mart has lost $0.74 to $46.31.IFAonline
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