US shares end on a high as European stock markets rebound
LONDON. KAZINFORM Shares in Europe and US have rebounded after a turbulent week in which stock markets tumbled to multi-month lows.
On Friday US stocks closed more than 1% up, with the S&P 500 posting its biggest gain in more than a week, BBC News reports. Europe's main indexes closed higher, having fallen sharply over concerns that the global economic recovery was running out of steam. Despite the rises, Charles Stanley's Jeremy Batstone-Carr saying: "I'm not sure we're out of the woods." Poor economic and corporate data, along with worries about the impact of the Ebola crisis, had sent stock markets into a nosedive. On Friday, London's FTSE 100 closed 1.85% up at 6,310.29 points, while bourses in Paris and Frankfurt ended 3% ahead. The FTSE 100 had fallen 10% since early September, wiping £175bn off the value of listed businesses. Wall Street's Dow Jones index closed 263.1 points up, or 1.63%, to 16,380.34, while the S&P 500 gained 23.98 points, or 1.3%, to 1,886.74.