LONDON -- The London market still has a "sloppy feel to it," as described by one equity trader, but the FTSE 100 managed to close 133 points higher, or 2.2%, at 6,232.6, helped in no small part to Wall Street.Early rays of sunshine are filtering through to the banking sector, Tuesday's top dog.

Barclays

(BCS) - Get Report

closed 102p higher, or 7.2%, at 15.26 pounds;

Lloyds TSB

up 43p, or 8.1%, at 583; and

Royal Bank of Scotland

(RBS-G)

, 73p higher, or 9.6%, at 833.

Cable & Wireless

(CWP)

experienced a hectic session after the announced divestment of

HKT

to Hong Kong's

Pacific Century Cyberworks

and ended 30p off, or 2.3%, at 13.15 pounds, having been 90p lower at one stage. Volume totaled 30 million shares at the close.

In the oil sector,

Lasmo

attracted support ahead of imminent earnings results, adding 3.25p, or 3.6%, to 94.75 pounds. Turnover amounted to 8 million shares.

BP Amoco

(BPA)

rose 26p, or 5.6%, to 487, while

Shell

improved 14p, or 3.4%, to 435.

In tech stocks,

Baltimore Technologies

staged a monster gain of 10.25 pounds, or 9.7%, to 116.00 pounds, as the share's performance rewrites the meaning of volatile.

Affinity Internet

managed a 9.00-pound gain to 63.00 pounds -- that's up 16%. For every winner there is, alas, usually a loser.

Durlacher Corporation

got a serious clip round the ear with a loss of 315p, or 8.7%, to 30.30 pounds, and

QXL.com

QXLC fell 162p, or 7.8%, to 17.97 pounds

Most of the Continental stock markets were able to book gains, despite concerns that the

European Central Bank

could raise interest rates on Thursday. The

Xetra Dax

in Frankfurt closed up 57.42, or 0.8%, at 7644.55 and the

CAC 40

in Paris finished up 88.23, or 1.5%, at 6190.96.

After receiving support from Wall Street, flashy technology and grubby industrial stocks happily climbed together.

Siemens

(SMAWY)

jumped 5.30 euros, or 3%, to 184.40 and

Epcos

(EPC) - Get Report

closed up 3 euros, or 2.1%, to 143, while

DaimlerChrysler

(DCX)

finished 2.65 euros higher, or 3.9%, at 70.05 and

Thyssen Krupp

(EPC) - Get Report

ended up 0.86 euros, or 3.5%, at 25.36.

Financial issues in Frankfurt were the biggest losers from the ECB worries.

Commerzbank

(CRZBY)

fell 0.57 euros, or 1.5%, to 37.53 and

Dresdner Bank

(DRSDY)

dropped 0.59 euros, or 1.2%, to 49.51.

Telecoms had a better session, as

Deutsche Telekom

(DT) - Get Report

ended up 1.10 euros, or 1.3%, at 86.10 and Spain's

Telefonica

(TEF) - Get Report

rose 0.62 euros, or 2.1%, to 29.97.

Listed on the

Neuer Markt

in Frankfurt, small telco operator

TelDaFax

saw its shares surge 4 euros, or 33%, to 16 amid the hype, albeit waning hype surrounding the CeBIT technology trade show in Hannover, Germany.