The FTSE 100 is up 43.4 points, or 0.7%, to 6,284.3, in the first trading session of 2007 as British Airways lead the risers.
Posting the biggest gains so far the airline is up 2.51% to 540.75p, closely followed by BT Group which is up 2.24% to 308.25p, while miner BHP Billiton has added 2.09% to 954p, and Amvescap has gained 2.01% to 608p.
Scottish & Southern Energy is also up 1.87% to £15.83, and there are just four falling stocks, with Cadbury Schweppes the biggest drag on the index with a fall of 0.46% to 544p, while Shire is down 0.38% to £10.55, Tate & Lyle has slipped 0.26% to 766.5p, and Gallaher Group has dropped 0.04% to £11.46.
In the US the markets will also be closed today for the national day of mourning for former President Gerald Ford, although on Friday the Dow Jones Industrial Average fell 38.37 points, or 0.31%, to 12,463.15, in the last trading session of 2006.
JP Morgan Chase was the biggest drag on the index with a fall of 1.27% to $48.30, closely followed by Exxon Mobil which slipped 0.91% to $76.63, while Intel fell 0.83% to $20.30.
However Home Depot posted the biggest gains with a rise of 1.08% to $40.16, closely followed by AT&T which added 0.7% to $35.75, while Wal-Mart stores gained 0.37% to $46.18.
In Japan the markets, including the Tokyo Stock Exchange will not reopen until 4 January.IFAonline
Fight ‘familiarity bias’
Our weekly heads-up for advisers
Open Banking and budgeting tools