UK stocks continued to rise this morning with the FTSE 100 climbing 32.22 points (0.63%) to 5174.82 points in early trading.
Wall Street shares rose slightly ahead of the Fed's latest interest rate decision, with investors hoping for clues on how the Fed will control inflation.
London trading got off to a positive start this morning after the Dow Jones narrowed a large deficit over night.
US shares dropped almost 1% in early trading as a fall in commodities prices drags on the benchmark Dow Jones.
Top UK stocks drifted lower in a quiet start to the session as investors locked in gains after the FTSE reached a new 12-month high before the weekend.
The Dow Jones opened higher in early trading on Friday with Procter & Gamble heading up the winner's table.
The FTSE 100 slipped slightly this morning after Wall Street's recent rally stalled overnight.
The Dow Jones is flat in early trading on concerns the market revival may be outpacing the real rate of recovery.
Wall Street continues to be buoyed by comments yesterday from Fed chairman Ben Bernanke indicating the recession in the US could be over.
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.