US markets open higher as investors await Fed action

US markets have opened higher after a calmer atmosphere saw the FTSE 100 recover the day's losses.

The S&P was up 1.6% at 1,137 shortly after the open, a day after it closed down some 6.66%. Other major US indices mirrored the S&P's rise, with the Dow Jones industrial average up by 0.75%, or 80 points, at 10,930. The Nasdaq was 1.3% higher at 2,087. The FTSE was down by 0.9% at 5,023 immediately after the US opening bell, having earlier returned to parity after it lost 5% of its value in early trading. Commodity prices have also recovered in line with equities, with Brent crude oil rising by 0.3% to $104 a barrel after it dipped below $100 for the first time in six months. Te...