The optimism in most European stock markets appears to be holding.
The FTSE in London is up more than five percent, a welcome gain on last nights close.
It is a similar story in Paris after yesterday’s historic 11 per cent bounce.
Frankfurt’s DAX saw a copy-cat rise yesterday, and is rising fast this morning.
Multi-billion dollar bank bail-outs are calming nerves worldwide in addition to the Asian surge overnight , which drove Japan’s Nikkei to its biggest gain on record, nearly 14 per cent. The value of the yen fell.
In Australia, the main index rose nearly six percent, after its biggest daily gain since October 1997.