Financials are thriving in London this morning with a strong mining sector closely following to drive the FTSE 100 51.80 points (0.88%) ahead to 5958.70.
Experian is surging after the credit checking agency posted revenue growth despite tough US and UK conditions; it is currently up 8.15% to 385.
Reports the Bank of England may swap mortgage-backed bonds on lenders' balance sheets for Government bonds has led Alliance & Leicester to a smart start, 5.57% ahead to 497.75.
Barclays and Royal Bank of Scotland are also doing well, up 4.29% to 468.25 and 4.09% to 362.75 respectively.
However, Legal & General is sliding after it released static Q1 results this morning, down 4.97% to 124.40.
Orthopaedics giant Smith & Nephew is 2.24% lower to 654 and home improvement and DIY retail group Kingfisher is 2.09% down to 121.60.
In New York, the world’s largest computer chip maker Intel may not have made the top gains list, but upbeat sales and earnings forecasts drove Wall Street investor sentiment higher. The Dow Jones IA climbed 60.41 points (0.49%) to 12362.47.
Alcoa led the gains despite missing analyst profits estimates; the primary aluminium producer jumped 2.68% to 34.84.
Retailer Wal Mart climbed 2.03% to 56.27 and insurer AIG led the line on a good day for financials, up 1.89% to 44.11.
Aviation giant Boeing was the only stock to post a significant loss overnight, down 1.97% to 75.70.
In Tokyo, investors gained confidence by US earning reports with tech and banking heavyweights at the forefront of solid gains. The Nikkei 225 jumped 155.55 (1.20%) to 13,146.13.
Elsewhere in Asia, Hong Kong’s Hang Seng index fell slightly, down 22.98 points (0.10%) to 23,878.35 and Sydney’s S&P/ASX 200 index climbed 69.90 points (1.29%) to 5,470.30.
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