Europe's main stock markets rebounded today after suffering huge losses last week due to the US home loan crisis.
The European Central Bank injected €47.66 billion into the money market today to address liquidity shortages amid growing fears about the US home loan sector.
The London FTSE 100 was index up 2.99% at 6,219 points, helped by its heavyweight mining stocks, which surged on higher metals prices. Kazkhmys soared 10.44% to £11.48, also boosted by a broker upgrade.
In Frankfurt, the DAX gained 1.78% to 7,474 points and the CAC in Paris climbed 2.21% to 5,569.
US shares opened higher as investors remained focused on credit market problems linked to the US property sector after a roller-coaster week and central banks injected more cash into financial markets.
The Dow Jones was up 0.39% at 13,291 this afternoon and the Nasdaq had added 0.37% to 2,554.
In Dublin, the ISEQ was up 167 points, or 2%, to 8,514, led by the banks. Bank of Ireland bounced back 51 cent to €13.85 and AIB gained 80 to €19.20. Elan also jumped 13 to €14.23.
Earlier, Japanese share prices ended mixed in what was described as cautious trading. The Nikkei-225 index closed up 36 points or 0.2% at 16,800. In Hong Kong, the Hang Seng finished up 98.39, or 0.45%, higher at 21,891.
