London stocks rally after Wall Street rebound

The FTSE 100 has opened in positive territory after a commodities bounce-back lifted Wall Street yesterday.

Shortly after opening London's leading index had advanced 0.5% to 5,979, as mining stocks benefited from yesterday's rebound in commodity prices which saw oil crude futures rise 1.5%. London has taken its lead from Wall Street's strong showing which finished 0.5% up yesterday as investors were buoyed by the commodities rebound and positive jobs data. Miners are propping up the FTSE, with Lonmin, Vedanta Resources and Anglo American all advancing over 1%. Chip maker ARM holdings lies in pole position, up 1.7%. The positive sentiment is mirrored throughout Europe, with France's Cac 4...