By Marcus Leach

There was relative good news for the European stock markets, following several damaging days, as they rebounded in early trade.

With Asian markets steadying overnight it had a knock-on calming effect elsewhere, as in London the FTSE 100 was up 1.85%, Germany's Dax index was 2.2% higher and the Cac 40 in France rose 2.1%.

There was further good news for France, after concerns surrounding their banks triggered sharp falls on Wednesday, as Societe Generale shares opened 6% up.

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