The FTSE 100 index has got off to a comfortable start with gains of 19.5 points or 0.35% to 5,536.9, with Antofagasta currently leading the advance.
Mining giant Antofagasta has earned 30p or 1.71% to £17.84, while Rio Tinto has advanced 12p or 0.48% to £25.03.
Yell is also performing well with a rise of 8.5p or 1.69% to 511.25p.
Shares in banking group Lloyds TSB have also gained 2p to 484.75p, despite news of revenue growth being slightly offset by concerns the firm has seen lower levels of growth in unsecured lending and a further deterioration in credit quality, resulting in increased bad debts as a percentage of average lending in the second half of the year.
Among utilities, Centrica is up 2.5% to 239.75p, while Scottish & Southern has gained 8p to 990p, and United Utilities has advanced 4p to 669p.
Elsewhere, Marks & Spencer is also up 7.75p to 486.75p, after Morgan Stanley raised its stance on the high-street retailer to "overweight".
But in contrast, shares in software and outsourcing firm Northgate Information Solutions have slipped 1.75p or 2.09% to 82p, after announcing that its head office had been seriously damaged by Sunday's massive blast at a fuel depot in Hemel Hempstead.
In Japan, the Nikkei 225 Stock Average index gained 334.65 or 2.2% to 15,738.70 at its close a short time ago, on expectations the Bank of Japan's Tankan business confidence survey will signal sustained economic growth.
The Bank of Japan's quarterly Tankan survey may show confidence among Japan's largest manufacturers rose to 23 in the third quarter, the highest level in a year, stoked by sustained growth in the world's second-largest economy, rising stock prices and exports, suggested economists.
Mizuho, Japan's second-largest bank by assets, also jumped 29,000 yen or 3.1% to 937,000, as analysts raised the rating on the stock to "overweight'' from "equal-weight'.' Mitsubishi UFJ Financial Group, the world's largest lender by assets, added 20,000 yen or 1.2% to 1.65 million yen, while Sumitomo Mitsui Financial Group, the third-biggest in Japan, climbed 30,000 yen or 2.4% to 1.26 million yen.
Companies reliant on domestic demand also advanced as Nikko Cordial, Japan's third-largest brokerage, climbed 65 yen or 3.5% to 1,905 yen while Fast Retailing, Japan's largest casual clothing chain, surged 670 yen or 6.6% to 10,800 yen.
In the US on Friday, the Dow Jones Industrial Average index rose 23.46 points or 0.22% to end at 10,778.58, as sliding oil prices helped boost demand for equities, while a rebound in Intel lent support to technology shares.
Intel rose 1.5% or $0.38 to $26.08, as the company's eagerly awaited mid-quarter update gave a sales outlook that fell a shade below the average estimate of analysts.
Citigroup rose 0.9% or $0.41 to $48.91, while JP Morgan gained 1.2% or $0.47 to $39.12, and American Express advanced 1% or $0.50 to $51.15.
General Electric also rose 0.5% or $0.18 to $35.53 after the company said on Friday it boosted its 2005 stock-repurchase plan by 25% to $5 billion.
Meanwhile, IBM slid 0.6% or $0.53 to $86.97 after MarketWatch reported UBS cut its investment rating on the world's largest computer company to "neutral" from "buy".IFAonline
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