'Relatively good news for the stock markets'
European stock markets have continued to rebound from Monday's steep losses.
Both Frankfurt and London have started the day with strong gains following a bounce for shares in New York on Tuesday with the Dow Industrials closing 4% higher.
Confidence was bolstered by a decision from the US Federal Reserve to hold interest rates near 0% for at least two years.
Simon Derrick is a currency analyst at Bank of New York Mellon says the US has "left the door open for further quantitative easing".
10 Aug 2011
- From the section Business