Global markets rise as Japan nuclear fears recede

Stocks responded positively to an announcement by Japanese Prime Minister Naoto Kan, who said progress is being made in restoring power to the two reactors at the Fukushima Dai-Ichi plant. In the US, the Dow Jones opened strongly, up 1.67% to 12,056 on the news.The index was also boosted by AT&T's proposal to buy T-Mobile USA from Deutsche Telekom for $39bn. All major European markets were up, with the FTSE gaining 1.24% to 5,789, while the French Cac rose 2.1% to 3,890 and German Dax was up 2.06% to 6,801 On the currency front, the yen fell further to 81.13 yen against the dollar ...