In London, markets rose in early trading to wipe out much of yesterday's losses and the FTSE 100 added 55.1 points (0.94%) to 5,886.7.
AstraZeneca shares made major gains after a legal settlement to protect its top-selling drug, up 210p (10.6%) to £21.91. BG Group followed with a gain of 59 points (4.83%) to £12.81 after the finding of a major oil field in Brazil.
Carphone Warehouse lost 23 points (8.63%) to 243.5p after reporting mixed trading results and Home Retail dropped 6.75p (2.71%) to 242.5p.
On Wall Street, markets ended the day slightly down, a relief to traders after major losses were experienced last week, and the Dow Jones dropped 23.36 points (0.19%) to 12,302.06.
Exxon Mobil shares climbed 1.08 (1.22%) to $89.70, closely followed by Coca Cola, which added 0.71 (1.18%) to $61 after rumours that the firm would report a net gain for sales in Latin America and Russia.
Bank of America made the biggest losses, down 1.36 (3.68%) to $35.58, while Citigroup dropped 0.85 (3.64%) to $22.51 as the banking sector continued to suffer from falling house prices and bad debts.
In Tokyo, stocks rose as crude oil prices reached record highs and the Nikkei 225 gained 77.07 (0.66%) to 12,990.58.
Mitsubishi added 2.3% to 3,590 yen, while Mitsui gained 3.1% to 2,485 yen following news of the high oil price.
However, firms that use oil saw share values slide with Oji Paper Co falling 3.8% to 455 yen, while Japan Airlines lost 2% to 240 yen.
If you would like to comment on this story, contact:
Tel: 020 7484 9805
e-mail: [email protected]
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October