Global shares rallied on Tuesday, led by the financial sector, which was boosted by news of strong demand for Lehman Brothers fund-raising.
Even the news that UBS's losses from the credit crunch had more than doubled to about $37bn (Ј18.5bn) was seen as giving greater clarity.
The Dow Jones in New York traded up 2.7% in early afternoon trading.
London's FTSE 100 closed NY governor issues apology in scandal ...
Charges over 'abandoned' NY girl ...
Wheelchair-dump deputy charged ...
US economy concerns knock shares ...
Far-Right NPD Denied Campaign Spot on Public Radio ... up 2.6% with the Dax in Frankfurt rising 2.8% and the Cac 40 in Paris up 3.4%.
(BBC)
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