The Dow Jones has rebounded from yesterday's sharp fall as positive news emanating from China and Spain outweighed disappointing US economic figures.
Shortly before 16.00 GMT, the index was up 2.06% or 205 points to 10,179 as investors were buoyed by a statement form China denying reports it is considering selling its holdings in European bonds. The passing of legislation in Spain, making way for €15bn of additional budget cuts, also restored investor confidence and helped offset disappointing US first quarter GDP figures, which came in at a lower-than-expected 3%. Microsoft is up 5% despite news rival Apple had surpassed it in market capitalisation, while Intel American Express, Alcoa and General Electric are all in positive terri...
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