US stocks opened higher on the first trading day of the year as investors considered weekend comments from Federal Reserve chairman Ben Bernanke.
After a buoyant end to 2009 - the Dow Jones gained 61% since March - the index advanced more than 100 points in early trading, or 0.98%, to reach 10,530.
Speaking on Sunday, Bernanke said low interest rates in the first half of the last decade were "appropriate" at the time and were not the main cause of the ensuing housing bubble. However, he said the Federal Reserve would raise interest rates to prevent another economic crisis.
Among the top winners were Intel, up 0.5 points, or 2.45%, to 20.9, and Chevron, up 1.85 to 78.84. Elsewhere, Alcoa and Pfizer also climbed.
McDonalds suffered marginal losses in early trade, slipping 0.02% to 62.43.
In the UK, the FTSE rose 59 points, or 1.09%, to 5,472.12.
Cairn Energy is among the top winners - the oil explorer is up 22.7p to 355p after announcing it has secured a second drilling rig for its exploration off the coast of Greenland.
Retailers are profiting from anticipated strong Christmas trading figures due to be released later this week, with Home Retail Group up 11.8p, or 4.18%, to 294p.
Elsewhere, strong metal prices benefitted Vedanta Resources, which rose 107p, or 4.1%, to £27.18.
British Land topped the losers table at 465.2p, down 14.8p, or 3.08%.
Tackling the lack of visibility of women in financial servicescan be
To offer equity and multi asset funds
New letter to investors today