Morning Markets: FTSE buoyed by Japan gains

The FTSE 100 rose in early Monday trading following strong gains in Japan.

In the opening minutes of the session, the FTSE 100 was up 17.84 points (0.33%) to 5,376.01, in line with other European markets. Property firm Hammerson was the biggest gainer, adding 2.3% to 393.7p. The other top climbers were mainly mining stocks, including Xstrata, which rose 1.75% to £11.45p. Tesco was the biggest loser, shedding 1%, while BT lost 0.9% dropping to 425.7p and drugs giant GlaxoSmithKline declined by 0.8% to £11.23p. In the US, the Dow Jones closed up 9.5 points, or 0.1%, at 10,402.35 after the Federal Reserve's decision to raise rates for emergency bank loans. ...