y 1058 GMT, the FTSE 100 .FTSE climbed 53.68 points or0.9 percent to 6,061.05
favourite blog , having closed down 0.6 percent in theprevious session.
"Quotes remain within an upward sloping channel drawn fromMarch 25 and the 30-minute relative strength index is holdingabove its support base around 35
excellent blog Outside of the exhibition center," Philippe Delabarre, technicalanalyst at Trading Central, said.
"Furthermore
favourite blog , a broadening wedge is taking shape and callsfor a further rise."
London's blue chip index has rallied near 8 percent sinceits March low and edged closer to its 2011 high of 6
favourite blog ,105.77
favourite blog ,following the lead set by Asian markets after it appeared astrong aftershock that struck Japan's earthquake-ravagednortheast late on Thursday had not done major damage.
"Another strong earthquake in Japan temporarily unsettledthe capital markets on Thursday. Yet investors subsequentlyshifted their attention back to the good macro data," StefanAngele, Head of Investment Management, Swiss & Global AssetManagement, which has around 80 billion swiss francs of fundsunder management.
Angele sees the IT sector as well as energy and materialsbenefiting most from the global economic recovery and thebusiness cycle.
Miners .FTNMX1770 gained after gold and silver struckrecord highs on Friday. A weaker dollar and concerns aboutinflation sent investors piling into precious metals.[ID:nLDE7351ZB]
Global miner Rio Tinto (RIO.L) rose 1.8 percent after itassumed control of Mozambique-focused coal miner RiversdaleRIV.AX [ID:nL3E7F80WQ].
Indian-focused miner Vedanta (VED.L) gained 1.2 percentafter fourth-quarter production figures. But uncertainty lingersover its long-delayed purchase of Cairn Energy's (CNE.L) CairnIndia unit (CAIL.BO). [ID:nLDE7331V3]
INTEREST RATE CONUNDRUM
UK Government data showed producer output prices rose by 5.4percent, confounding expectations of a slowdown to an annual 5.1percent. [ID:nLDE7370O1]
This would likely raise expectations of a interest raterise. Investors are almost fully