European shares rebounded today from two-year lows reached in the previous session, helped by some solid corporate earnings from the likes of Heineken and Smurfit Kappa and a recovery in Deutsche Bank.

While off their earlier highs, shares in Paris and Frankfurtboth closed up over 1%, while the London FTSE index gained 0.71%.

Dublin's ISEQ index was also higher today, adding 3.01%, with shares in Smurfit Kappa racing over 12% higher after it reported a strong set of results for last year. 

About €10 billion has been wiped off the value of Irish shares since the start of the year. 

Meanwhile, US stocks opened higher on Wall Street today as congressional testimony from Federal Reserve Chair Janet Yellen highlighted the risks to US growth from economic turmoil overseas. 

By 7pm the Dow Jones had gained 0.1%, while the Nasdaq was 1.5% higher.

But Tokyo stocks again dropped in earlier trade to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US Federal Reserve.

Tokyo's Nikkei index tumbled 2.3% after a deep 5.4% dive the previous day.