Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.
The Dow Jones has rebounded from yesterday's sharp fall as positive news emanating from China and Spain outweighed disappointing US economic figures.
Dow Jones Indexes has licensed five new indices to Bank of Montreal (BMO) Financial Group to underlie ETFs listed on the Toronto Stock Exchange.
The Dow has opened in positive territory after a sense of calm was restored to world markets following yesterday's dramatic falls.
The FTSE opened more than 60 points higher Wednesday after hopes of rising demand in China offset fears Europe's debt crisis could hamper global growth.
The role of ETFs in the US market "flash crash" on 6 May is under scrutiny following a preliminary report suggesting ETFs and index futures were linked to the event.
The Dow plunged 1% in early trade today following German Chancellor Angela Merkel's warning the euro could collapse.
The US Securities and Exchange Commission (SEC) has put in place new stock trading restrictions to prevent a repeat of the Dow's dramatic plunge earlier this month.
The FTSE has made steady gains in afternoon trading as London shares were buoyed by the Dow's positive start to trading and concerns over the EU debt fallout subsided.
HSBC Asset Management has launched an ETF tracking the S&P 500 index on the London Stock Exchange (LSE).