Global markets have rallied on the back of Japan's cut in interest rates, with the FTSE and Dow both up over one percentage point.
Shortly after 15.30, the FTSE was up 1.11%, or 61 points, to 5617 as Japan's rate cut, coupled with positive services sector data, boosted investor confidence.
London's gains were mirrored throughout Europe, with France's Cac 40 up over up over 2%, and Germany's Dax edging up over 1.3%.
Shares across the Atlantic, meanwhile, have taken the lead from Europe, with the Dow up almost one percentage point in early trading. Shortly after 15.30 GMT, it was up 106 points to stand at 10857. The S&P 500 index added 1.6% to 1155, with the Nasdaq Composite climbing 1.9%.
On the FTSE, travel groups top the table with TUI travel - leading the winners' board - and British Airways both up around 4%.
TUI's climb into positive territory comes after it said it was confident full year results will be in line with previous guidance, whilst BA is flying high on the back of news it has released two aircraft from storage to meet increased demand.
Man Group has also made strong gains, along with Reed Elsevier and Randgold Resources.
The FTSE's buoyant showing comes after data showed the Markit/CIPS purchasing managers' index rose to 52.8 from 51.3 in August. Analysts had been expecting it to slip to 51. A reading above 50 indicates expansion.
The Dow was also boosted by positive economic news, with the US ISM non-manufacturing business index rising to 53.2 in September from 51.5 in August.
The climb in global stocks comes after Japan cut its bench rate to almost zero in an effort to revive its ailing economy. The central bank's action led to strong gains overnight for the Nikkei 225, with the index rebounding from a poor start to close 1.47% higher to 9,518.76.
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