Morning Markets: FTSE breaks above 5,000 again

The FTSE 100 is off to a solid start this morning after a late surge on Wall Street yesterday following Ben Bernanke's comments that the US recession is over.

Wall St had a rocky day after a trade spat between the US and China began to escalate but the Dow Jones index finally closing 56.61 points (0.59%) up at 9,683.41 points. Miners are currently leading London's blue chip index higher pushing it up by 57.93 points (1.15%) to 5,100.06 points by 10:00am. Tullow Oil is currently in the top spot gaining 4.42% to reach £11.35 after the FT reported it is part of a consortium headed by US firm Andarko, which has established a new oil frontier that stretches 1,100km along the African coast from Ghana to Sierra Leone. Xstrata, Eurasian Natural...