FTSE 100 has opened higher after festive break, with miners on the front foot, according to a timely report by Hargreaves Lansdown.

The report notes that European indices are in positive territory taking a lead from Asia and Wall Street.

This allows for a mood of positivity amid hopes of soft landing for US and more stimulus for China’s economy.

However, the report also noted that retailers returned in lacklustre fashion after post-Christmas sales expected to disappoint.

"The FTSE 100 has risen from its Christmas slumber with gains in early trade as positivity pulses through financial markets," Susannah Streeter, head of money and markets, at Hargreaves Lansdown was quoted saying.