The FTSE 100 is up 16.4 points, or 0.26%, to 6,208.9, in early trading as miners make a strong start to the session.
Xstrata is currently posting the biggest gains with a rise of 3.49% to £24.60, closely followed by Rio Tinto which is up 2.08% to £28.41, while British Energy Group is also off to a good start with a rise of 2% to 510p.
Banking group HBOS is also up 2.03% to £11.06 after announcing it is expecting to exceed market expectations for underlying earnings per share, while British Airways has also gained 1.72% to 518.75p.
On the downside Drax is the biggest drag on the index with a fall of 2.51% to 797.5p after a broker downgrade, closely followed by Cairn Energy which has slipped 1.47% to £20.10, while Capita Group has dropped 1.4% to 599p, despite saying strong first half revenue growth has continued in the second half of the year.
In Japan the Nikkei 225 Stock Average added 136.27, or 0.8%, to 16,829.20 to end at its highest close for seven months as the yen weakened against the dollar, boosting the value of overseas sales.
Among exporters, Sony, the maker of Vaio computers and the PlayStation 3 game console, rose 90 yen, or 1.8%, to 4,970, while Toyota Motor, the world's largest carmaker by value, added 70 yen, or 1%, to 7,370, and Canon, which generated almost 75% of its sales from overseas last year, jumped 110 yen, or 1.7%, to 6,650.
Banks also rose with Mitsubishi UFJ Financial Group, Japan's largest bank by assets, jumping 30,000 yen, or 2%, to 1.5 million, while Mizuho Financial Group rose 15,000 yen, or 1.8%, to 853,000.
On the downside Japan Tobacco, the world's third-biggest maker of cigarettes, dropped 14,000 yen, or 2.4%, to 579,000, although Yakult Honsha, which makes fermented milk and soft drinks, surged 210 yen, or 6.4%, to 3,490.
In the US the Dow Jones Industrial Average ended yesterday’s trading up 1.92 points, or 0.02%, to 12, 317.5, after an early lead following a better than expected retail sales slipped away as worries persisted about the strength of the economy.
Exxon Mobil posted the biggest gains with a rise of 1.46% to $77.36, closely followed by American Express which climbed 1.44% to $59.97, while McDonalds gained 1.28% to $43.59.
Home Depot also rose 1.06% to $39.11, closely followed by Wal-Mart which added 0.93% to $45.90, although gains were limited by United Technologies which slipped 0.91% to $64.21.
However General Motors was the biggest drag on the index with a fall of 1.37% to $29.45, closely followed by Caterpillar which dropped 1.27% to $61.49, while Boeing fell 0.79% to $89.60, and Merck slipped 0.64% to $43.34.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till