The FTSE 100 is up 16.8 points, or 0.27%, to 6,219.4, with miners giving a strong performance in early trading.
However ICI is posting the biggest gains so far with a rise of 10.14% to 426.25p, following news it has agreed to sell its flavour and fragrance business, Quest, to Givaudan for £1.2bn.
Among the miners Vedanta Resources is up 2.96% to £13.20, closely followed by Xstrata which has gained 2.02% to £22.73, while Cairn Energy has climbed 2.75% to £19.42, and British Airways has added 2.6% to 493.5p.
DSG International is the biggest drag on the index with a fall of 4.69% to 208.25p, closely followed by Liberty International which has slipped 4.61% to £13.46, while Scottish Power has dropped 1.51% to 748.5p, and International Power has fallen 1.17% to 360.5p.
In Japan the Nikkei 225 Stock Average advanced 180.09, or 1.1%, to 15,914.23 at the 3pm close, with banks leading the gainers as investors judged recent declines to be excessive.
Mitsubishi UFJ Financial Group, Japan's largest lender by assets, and Seven & I Holdings, the nation's No. 1 retailer, climbed after hitting one-year lows in the past two days, while Mitsubishi Estates, the biggest property developer, rebounded from this quarter's low.
Elsewhere Sumitomo Mitsui Financial Group gained after reports speculating the lender plans to raise its dividend by about 50%, while a rating upgrade from Nikko Citigroup also helped Mitsui Trust Holdings to recover some of yesterday's 6% drop.
Meanwhile Inpex Holdings and Sumitomo Metal Mining led commodity producers higher after crude oil prices topped $60 a barrel for the first time in 10 days, and copper and nickel gained the most in five weeks.
In the US the Dow Jones Industrial Average ended yesterday’s trading slightly up with gains of 5.05 points, or 0.04%, to 12,321.59, as merger activity boosted the airways sector.
Alcoa was the biggest gainer with a rise of 2.53% to $29.19, closely followed by Boeing which climbed 2.22% to $91.10, while Caterpillar gained 2.1% to $62.19, and Verizon Communications added 1.33% to $35.13.
General Motors was the biggest drag on the index with a drop of 4.59% to $32.61, closely followed by Intel which slipped 3.14% to $21.57, while AT&T dropped 1.39% to $32.75, and Home Depot fell 1.28% to $37.92.IFAonline
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