Resources have helped the FTSE surge ahead to 5416.70, having climbed 98.30 points (1.85%.)
Eurasian led the winners, jumping 60 (9.06%) to 722p. Anglo American rose 8.41% to 2502p, while Rio Tinto made gains of 7.98% to 4490p. BHP Billiton and Tui Travel also had a positive day.
However, Smith & Nephew, Man Group, Imperial Tobacco Group and HBOS were among the firms struggling. Wolseley was the biggest loser, down 4.45% to 445.25p.
In New York, The Dow Jones is currently up 19.05 points (0.17%) to 11414.66, after a shaky start.
Gen Motors is up 1.04 (8.16%) to 13.79. Alcoa, Bank of America, Exxon Mobil and Du Pont make up the mixed bag of top winners.
However, America International Group shares have plummeted 3.70 (21.08%) to 13.85. Gen Electric, Wal Mart Stores, Home Depot and Verizon Communications have seen more marginal losses.
In Japan, the Nikkei is also up, 112.26 points (0.93%) to 12214.76.IFAonline
IA sectors – help or hindrance?
Despite multiple complaints
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets