Further signs of improvement in the US economy and reassuring comments from President Barack Obama helped Wall Street recover its poise yesterday following the previous session's late sell-off.
By midday in New York, the S&P 500 was up 1.9 per cent as it got back on track for its biggest monthly rise since 1987.
Elsewhere in equities, the FTSE Eurofirst 300 index rose 0.4 per cent although the Nikkei 225 in Tokyo lost an early advance to finish 0.1 per cent lower.
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