The Dow Jones has risen 23.84 points (0.58%) to 8183.40 after the US aluminium giant Alcoa revealed better than expected results.
In London, markets climbed in early trade as insurers recovered from major losses on Wednesday. The FTSE 100 added 16.26 points (0.39%) to 4,156.49 by 8.20am.
The Dow Jones has risen 35.52 points (0.44%) to 8199.12 as the International Monetary Fund (IMF) predicted worldwide economic growth will recover to 2.5% in 2010.
The FTSE 100 has slipped 12.59 points (0.30%) to 4,174.41 this morning after a rocky day on Wall Street which saw the Dow Jones shed triple-digit losses of 161 points (1.94%) closing at 8163.60 points.
The FTSE 100 jumped 9.01 points (0.21%) in early trading, rising to 4203.92 by 8.20 this morning.
Having spent the past six weeks trading in a tight range of 100 points around 4,400, the UK FTSE 100 has recently fallen back to its end of April levels.
The FTSE 100 was heading upwards this afternoon after a turbulent day of trading in London, up 18.38 points (0.43%) to 4,252.65.
The Dow Jones has plunged 150.17 points (1.77%) to 8353.89 today as US unemployment climbed to a 26-year high.
Jubilee Financial Products has unveiled a new structured product plan, offering investors three times the growth of the FTSE 100 over five years, up to a 50% return.