The FTSE 100 is edging closer to 5,000 this afternoon as the US markets shared in today's global market rally upon opening.
London's leading index is up more than 142.70 points, or 2.96%, to 4,966.23.
Miners are in strong demand on positive China sentiment, with Antofagasta adding 6.57%, Kazakhmys up 6.05% and Xstrata advancing 5.69%.
BP has continued yesterday's rebound by gaining a further 2.96%. The oil giant was also boosted RBS upgrading the stock from 'hold' to 'buy', believing the pricing of the stock already reflects the worse possible scenario of the Gulf of Mexico spill.
Banks were also amongst the risers, with Barclays' gaining 5.36%.
US markets have opened strongly after the Independence Day holiday, with the Dow Jones climbing 159.09 points, or 1.64%, to 9,845.57. The broader S&P 500 has gained 1.83% and the tech-heavy Nasdaq has advanced 2.02%.
Caterpillar leads the way, up 3.84 - while Alcoa has added 3.3%. Banks are also stronger, with Bank Of America and JPMorgan Chase advancing 2.89% and 2.65% respectively.
Meanwhile, a rally in China boosted Japanese markets overnight. The Nikkei 225 closed up 0.8% and the Topix rose 1.2%.
Companies with interests in China, such as Fanuc, an industrial robot maker, and Komatsu, an earthmover maker, gained 1.4% and 2.2% respectively.
Industry Voice: Scottish Widows pension expert Robert Cochran and economist Andrew Scott discuss the future of employment and income, in episode three of Scottish Widows' podcast series.
What made financial headlines over the weekend?
Follows McVey's resignation
Schroders and Aviva Investors
LightTower Partners, Seneca Partners and Unicorn AM