Stock markets in the US and Europe rose today with fresh optimism on company profits at the start of the earnings season.
Strong third-quarter results for Dutch lighting-to-healthcare conglomerate Philips helped to boost shares in US rival General Electric, which dominated the gainers on Wall Street, up 1.7% to $16.46.
The Dow Jones Industrial Average added 0.6% to 9,925.4, with oil majors gaining on higher crude prices.
Chevron rose 1.7% to $73.99, while Exxon Mobil gained 1.4%.
JP Morgan shares fluctuated in early trade, losing 0.4% ahead of its financial results later in the week.
Investors are hoping that its position as lead equity underwriter this year will offset losses on credit cards and consumer loans, but remain nervous.
In the UK, the FTSE 100 sustained earlier gains, up 1.2% to 5,225.4 - a 12-month high.
Anglo-South African insurer Old Mutual raced to top position, up 4.8% to 110.30p, after reports it was to launch a sterling bond.
Hedge fund group Man rose 3.6%, while the London Stock Exchange added 3.3%.
Out of favour was Lloyds Banking Group, which lost 2.2% after continued uncertainty over plans to launch a multi-billion pound rights issue to avoid the Government's expensive asset protection scheme.
Barclays fell 1.7% after a FT report that it was keen to spin off complex credit investments worth £4bn.
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