Britain's main share index climbed to a new record high on Monday, fueled by oil and mining stocks, and cybersecurity firm Sophos jumped after a ransomware attack hit companies, hospitals and schools around the world.
European shares rose on Monday helped by a bounce in oil prices and fresh dealmaking activity, while a global hacking attack boosted shares of software security firms.
Oil majors BP and Royal Dutch Shell (LSE: 0LN9.L - news) gained in concert with European peers as crude prices rose above $52 a barrel after Russian Federation and Saudi Arabia said supply cuts needed to last into 2018.
Germany's stock market has also hit its own all-time high today as the DAX index has gained nearly 0.5 per cent this morning.
Australian shares fell 0.2 percent, while South Korea's KOSPI was little changed.
But nerves about the pace of Chinese and US growth, and odd trends generated by record low volatility globally were lingering in the background and the DAX was down 0.1 percent on the day by 1200 GMT.
Germany's DAX performance index also traded at a fresh all-time high of 12,822.54 points in the opening 15 minute of trading as investors reacted to a surprisingly solid win for Chancellor Angela Merkel's CDU party in a regional election in North Rhine-Westphalia, the country's biggest state.
Miner Antofagasta led the FTSE 100 in early trading, with shares rising by as much as two per cent on the back of higher commodity prices.
Banking stocks were also weak, with UBS down more than 2 percent, extending losses from the previous session after Singapore sovereign wealth fund GIC Private Limited cut its stake in the Swiss bank at a loss.
Base metals were mixed with copper being the standout performer as it gained almost 1% to close at US$2.53 per pound, its highest close since plunging from US$2.60 per pound at the start of the month.
United Kingdom bookings remained "resilient", and the popularity of Spain, Greece and the Caribbean helped to offset lower demand for Turkey and North Africa. Of the 76 percent of companies that have reported first-quarter updates, 66 percent have beaten analysts' expectations, pointing to earnings growth of around 20 percent, according to Thomson Reuters I/B/E/S data.