The FTSE 100 Index has added 73.6 points, or 1.3%, to 5636.50 points this morning, led by BP and a recovery among mining companies.
BP has gained 10p, or 1.7%, to 613p after the shares fell 3.4% yesterday.
Rio Tinto has increased 93p, or 3.6%, to 2,673p, BHP Billiton has added 35p, or 3.7%, to 970.50p and Anglo American has risen 55p, or 3%, to 1,900p.
In Japan, the Nikkei 225 Stock Average gained 117.81 points, or 0.8%, to 14,750.84 points, rebounding from a six-month low, after a report on machinery orders showed evidence of growth in the economy.
Komatsu surged 121 yen, or 6.2%, to 2,060, Kubota soared 77 yen, or 8.3%, to 1,006 and SMC climbed 830 yen, or 5.8%, to 15,060.
Mitsui Sumitomo Insurance surged 99 yen, or 8%, to 1,342, T&D Holdings gained 160 yen, or 2.1%, to 7,910 and Nomura Holdings rose 90 yen, or 4.5%, to 2,095.
Meanwhile, Nippon Telegraph & Telephone declined 9,000 yen, or 1.7%, to 531,000 after the Nihon Keizai newspaper said the Communications Ministry is considering requiring the company to reduce fees it charges competitors to use its fiber-optic networks.
In the US, the Dow Jones industrial average rose 7.92 points, or 0.07%, to end at 10,938.82 points yesterday, well off its session low at 10,757.55 points.
Procter & Gamble was the top positive influence on the Dow, up 2.8%, or $1.50, to $54.74, a day after the consumer products company confirmed its quarterly sales and earnings forecasts.
US crude oil for July delivery fell 47 cents to settle at $70.35 a barrel, after falling as low as $69.10, with Exxon Mobil ending up 1.2% at $59.57.IFAonline
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