In London, shares were up after financial and mining stocks rallied and the FTSE 100 closed up 146.6 points, or 2.39%, to 6,280.7.
Barclays made the most impressive gains and shares added 27.5 points, or 4.74%, to 607.5p. Tesco shares were up 18.25 points, or 4.39%, to 433.5p, followed by Schroders, up 48 points, or 4.29%, to £11.68. BHP Billiton shared jumped 60 points, or 4.25%, to £14.71, while Next added 79 points, or 4.25%, to £19.40.
There were only two losers on the FTSE 100, Rentokil shares were down 0.9p, or 0.52%, to 170.9p, followed by DSG International, which fell 0.3 points, or 0.2%, to 146.9p.
In New York, the Dow Jones is following the global trend this morning, climbing 116.57 points so far, or 0.89%, to 13244.42.
Investors were keen to see if Federal Reserve chairman Ben Bernanke gave any clues on the upcoming US Interest Rate decision, but he was unmoved in his speech in Berlin today.
McDonald's today announced it recorded an impressive 8.1% jump in August same-store sales, driving the fast food conglomerate up 2.21 points, or 4.41%, to 52.36.
After a difficult time last week, General Motors is surging in early trading, up 1.03 points, or 3.53% to 30.24.
AT&T and Boeing are also ahead – up 1.91% to 39.52 and 1.65% to 96.9 respectively.
No stocks are significantly down so far this morning.
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