Mining stocks lead FTSE higher
The FTSE 100 started the week higher after Friday's plunge and was 1.34 per cent up by 08:34 GMT.
FTSE higher" class="imageframe alignright" height="200" src="http://pictures.directnews.co.uk/liveimages/Coal+Mine_1455_18928530_0_0_3022_300.jpg" width="200"/>The FTSE 100 started the week higher after Friday's plunge and was 1.34 per cent up by 08:34 GMT.
The UK's leading shares index closed lower at the end of last week on a trading statement from HBOS showing more losses and the rejection of the auto bailout by the US Senate.
However, the White House has made promises over the weekend that it will not let the industry collapse, boosting Japan's Nikkei by 5.21 per cent.
The overnight rise on Asian exchanges helped the FTSE in early trading.
Mining stocks led the rise, with Xstrata up 5.87 per cent and Eurasian Natural Resources rising 5.58 per cent.
Only a handful of stocks were in the red, including Schroders, down 5.6 per cent while Restaurant Group fell 4.18 per cent.