Morning Markets: FTSE up 1.4% after Wall Street gains

The FTSE 100 rose 1.48% or 76.18 points to 5,227.50 as sentiment was boosted by a strong showing from Wall Street and Asia overnight.

Led by miners, all shares were showing gains in early morning trading. Kazakhmys was the biggest winner on the index, up 3.62% to £12.01, while Eurasian Natural Resources advanced 3.49% to £10.23. Shares in BP continued to recover ground, rising 2.27% to 439.5p. The oil giant has agreed to fund the six sections of the Louisiana barrier islands proposal, which is estimated to cost $360m. Meanwhile, embattled insurer Prudential was up 1.07% to 567p as investors recovered from yesterday's news it will make a £450m loss on the failed acquisition of AIA. Overnight on Wall Street, the Do...