http://news.bbc.co.uk/1/hi/business/7206125.stm
Stocks across Europe and Asia have rebounded, following strong gains for US stocks on Wednesday.
By 0820 GMT, London's FTSE 100 index was up 3.1%, in Paris the Cac 40 rose 4.5% and Frankfurt's Dax was up 3.1%.
In Asia, Japan's benchmark Nikkei index closed 2.1% higher, while key share indexes climbed by more than 2% in Mumbai, Hong Kong and Sydney.
The rebound came on hopes of a rescue plan for US bond insurers that could prevent a new wave of asset writedowns.
The hopes had led US share prices to close higher on Wednesday, reversing falls seen earlier in the day.
All back to normal now. BTL, house prices rising, unemployment falling, horray!
Stocks across Europe and Asia have rebounded, following strong gains for US stocks on Wednesday.
By 0820 GMT, London's FTSE 100 index was up 3.1%, in Paris the Cac 40 rose 4.5% and Frankfurt's Dax was up 3.1%.
In Asia, Japan's benchmark Nikkei index closed 2.1% higher, while key share indexes climbed by more than 2% in Mumbai, Hong Kong and Sydney.
The rebound came on hopes of a rescue plan for US bond insurers that could prevent a new wave of asset writedowns.
The hopes had led US share prices to close higher on Wednesday, reversing falls seen earlier in the day.
All back to normal now. BTL, house prices rising, unemployment falling, horray!
They tried this a month or two back and it involves the banks who are in the tulip putting up $5-10 billion each to bail out the Co's who are so called insuring all the bad debt created by them in the first place. Uber doomed, get buying those tins of beans asap.
beemer
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