The FTSE 100 index has advanced 34.9 points, or 0.6%, to 5863.7 points this morning, led by Standard Chartered bank.
Standard Chartered, the bank which makes two-thirds of its profit in Asia, has risen 8p, or 0.6%, to £13.18.
Vedanta, India's largest producer of copper and zinc, has added 22p, or 1.8%, to £12.79.
Property stocks are in demand with Hammerson up 1.21% at £12.50 and British Land up 0.81% at £13.62.
On the downside, BP has fallen 1.12% to 615.5p as concerns over the shutdown of its Prudhoe oil field continue to unnerve investors.
Friends Provident has declined 0.28% to 180.5p after it announced a slight decline in underlying profit for the first half despite strong growth at its UK arm. Underlying pre-tax profit fell 9% to £247m.
In Japan, the Nikkei 225 Stock Average gained 310.6 points, or 2.1%, to 15,464.66 points after bank lending climbed at the fastest pace in a decade, suggesting an expanding economy will sustain profit growth.
Toyota climbed 260 yen, or 2.7%, to 6,190, Sony rose 110 yen, or 2.2%, to 5,180 and Matsushita Electric Industrial jumped 75 yen, or 3.3%, to 2,375.
Mitsubishi UFJ Financial Group, Japan's biggest lender by assets, added 10,000 yen, or 0.7%, to 1.55m.
Inpex Holdings, Japan's biggest oil explorer, advanced 30,000 yen, or 2.7%, to 1.13m as oil prices jumped more than $2 a barrel.
In the US, the Dow Jones industrial average slipped 20.97 points, or 0.19%, to end at 11,219.38 points yesterday after the shutdown of a key oil pipeline by BP drove up oil prices and fuelled concerns about inflation and slower economic growth.
Altria, parent of Marlboro cigarette maker Philip Morris USA, fell 1%, or 80 cents, to $79.10, General Electric fell 0.3%, or 11 cents, to $32.69 and 3M dropped 0.7%, or 45 cents, to $69.
Energy shares rose along with the higher oil prices. Exxon Mobil, the world's largest publicly traded oil company, rose 0.8%, or 54 cents, to $69.23.
Chevron rose 1.8%, or $1.17, to $66.83.IFAonline
Industry Voice: Scottish Widows pension expert Robert Cochran and economist Andrew Scott discuss the future of employment and income, in episode three of Scottish Widows' podcast series.
What made financial headlines over the weekend?
Follows McVey's resignation
Schroders and Aviva Investors