The London stock market rebounded from earlier losses after the Bank of England slashed interest rates.
The FTSE 100 index of leading shares was up 0.36 per cent at 4621.86 points at 11.40am GMT (10.40pm AEDT) after the Bank of England cut its key lending rate by half a percentage point to 4.50 per cent.
And Wall Street turned around early today, with stock index futures rising in response to emergency interest rate cuts by the US Federal Reserve.
The stock market had been heading to another sharp drop when the Fed announced it was cutting rates by half a percentage point.
Dow Jones industrial average futures rose 102, or 1.05 per cent, to 9640. Standard & Poor`s 500 index futures added 21.60, or 2.812 per cent, to 1028.10, while Nasdaq 100 futures rose 2.41, or 2.41 per cent, to 1368.75.
- With Reuters
