A Dow Jones Newswire story, reporting that China will buy bonds issued by the EFSE, also provided a boost for markets.
In Europe, the FTSE added 28 points (+0.5%), whilst the (-0.2%) and DAX (-0.5%) lost a little ground.
Stateside, the Dow Jones added 162 points (+1.4%), whilst the S&P 500 put on 1.1% and the Nasdaq added 0.5%.
Better-than-expected earnings results also contributed to last night’s gains in the US, with Boeing (+4.5%) reporting a profit result which beat The Street’s estimates.
The euro pared its loss against the greenback after EU leaders commented on the bank recapitalisation plan, whilst the Canadian dollar rallied strongly on the back of better-than-expected US durable goods orders.
Crude oil pulled back sharply, dropping the most in three weeks after a government report showed a larger-than-projected gain in US stockpiles. The black gold slumped 3.2% to settle at US$90.20.
Metals didn’t perform so badly, with copper adding 2.1% and gold continuing its recent run higher, adding 1.4% to settle at US$1724 an ounce.
There is no major local data due out for today’s session.