The FTSE is up 0.71% to 5,198.05 in early trading as it tries to shake off a wobbly performance yesterday as uncertainty about the Greek bail-out plan weighed on European markets.
A lack of detail on how a rescue plan would impact EU countries worried European companies yesterday, with banks including Lloyds and Barclays the worst performers.
However, European markets appear to have recovered a little this morning with the German Dax up 0.97% to 5557.49, despite news Germany's recovery from recession faltered in Q4 last year.
The French Cac 40 is also higher in early trading to 3653.87 while the euro is gaining a little ground, up 0.52% to 1.15 to the pound.
A strong performance by miners including Rio Tinto(up 2.58%), Xstrata(up 2.52%) and Antofagasta(up 2.41%) helped support the FTSE in early trading.
Currently, there are only four companies in the red including BT Group which fell 1.25% to 118.40p and British Airways, marginally down 0.05% to 203.80p.
On a global view, the Dow Jones jumped almost 106 points, or 1.05%, to close yesterday at 10,144 as confidence in a rescue package for Greece grew.
Energy and materials stocks logged some of the biggest gains after oil prices rose for a fourth day. Meanwhile, a tame report on inflation in China and positive job news in the US also boosted sentiment.
Meanwhile, the Nikkei 225 Stock Average rose 1.3% to close at 10,092.19 in Tokyo as a number of companies reported improved earnings.
