Eurozone optimism has buoyed markets this afternoon with almost all major indices in positive territory.
US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.
The S&P 500 closed up 3.4% overnight, boosting Asian shares and lifting the US index nearly 11% from lows seen last week.
The S&P 500 is 2.9% higher as shares surge after eurozone leaders set a deadline for resolving the single currency area's debt crisis.
US equity markets have opened higher as markets react to better than expected US jobs data for September.
US markets recovered from initial falls on the opening bell as investors digested an ECB rate freeze and some positive US employment data.
US markets dropped on the opening bell as investors braced for three sets of unemployment data including Friday's September non-farm payroll figures.
The FTSE 100 made up some of the ground lost in recent days, gaining over 100 points in early trading, amid talk in Europe of plans to recapitalise the banking system.
Markets have broken their three-day rally this morning, forced down by concerns some countries will be forced to take larger writedowns on Greek bonds.
US shares tanked at opening, copying markets across Europe, as investors Stateside gave the Fed's latest efforts to stave off recession the thumbs down.