Markets climbed this afternoon following a worse-than-expected jobs update in the US, as investors anticipate the Fed will now have to delay QE tapering.
Markets around the world sold off overnight while oil continued to soar, as the prospect of military involvement in Syria's civil war grows.
Shares in the US closed sharply lower overnight, with some indices hit by the worst one-day percentage falls since late June, as positive jobs data sparked fears of an earlier move to taper QE than expected.
Japan's Nikkei has soared while the yen has tumbled against the dollar, amid speculation the government is considering a corporate tax cut.
The Federal Reserve has given little suggestion of a forthcoming slowdown in its quantitative easing programme despite economic data continuing to improve.
The Nikkei tumbled 3% on Friday to touch its lowest level for almost three weeks as the yen strengthened against the dollar.
Wall Street rallied at the start of the session today after non-farm payroll numbers from the US beat expectations.
Asian markets racked up further losses overnight as investors continued to fret over the prospect of the Federal Reserve reining in its aggressive quantitative easing programme.
US markets dipped at opening on Friday following worse-than-expected consumer spending, rounding off a down week which has seen some of the heat come out of equities.
Online encyclopedia Wikipedia could be used to indicate future movements in the stock market, a new study has suggested.