Calm returns to global exchanges
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Calm returns to global stock markets, with East Asian shares rising after the overnight recovery on Wall Street.
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Asian share markets saw light selling  in line with a slowing retreat in oil prices on Tuesday, while  the dollar steadied as officials in Europe and Japan fretted  about the U.S. currency's recent decline.
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After suffering its steepest drop in nearly four years, the stock market showed some tentative signs of recovery today. Global markets continued to feel the fallout from Tuesdayâs global dive.
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Global stock markets staged a cautious recovery on Wednesday as Wall Street rallied a day after its worst slide since 2001 and other markets partially recovered from heavy early losses.
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The dollar recovered from a two-month  low on the euro and a one-week low on the yen on Friday as the  market waited to see if a G7 meeting and key U.S. data could  break the U.S. currency out of a half-year range.
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Chinese stocks rose moderately on Wednesday, as calm returned to the market following reassuring comments from the central bank and a major institutional investor.
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Calm is restored on financial markets, with East Asian shares rising after an overnight recovery in the US.
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World stock markets cranked back into gear on Tuesday, recovering some of their recent heavy losses as investors pinned their hopes on another US interest rate cut.
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Wall Street is set to open up on  Wednesday, recovering from the previous day's frantic sell-off,  after calming remarks from China as investors look ahead to U.S  preliminary GDP figures to judge the health of the economy.
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Most European equity markets returning from the long holiday weekend had a steady session Tuesday, supported by merger activity.
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The yen won respite from its recent  beating on Thursday as oil prices eased off record highs and  investors awaited data from the United States and Japan for  clues on the health of the global economy.
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The dollar edged up against the yen and  steadied versus the euro on Tuesday, as traders took a breather  from recent heavy selling after the European Central Bank chief  warned against the single currency's rapid climb.
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The U.S. dollar ended mixed Monday against other major currencies in European trading.
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By The Associated Press. World markets posted modest gains in light pre-holiday trading yesterday, fueled by Wall Street&#39;s strong rally over the last week.
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The dollar recovered on Thursday,  buoyed by profit-taking in other currencies and comments by the  European Central Bank's top official urging Asia to adopt more  flexible foreign exchange regimes.
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Foreign stock markets have been an ideal refuge from troubles at home, but after years of strong erformance abroad, some funds are bringing their money home.
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Chinese stocks are back. For now, at least.