Global markets rebound as investors snap up bargains

Global markets have made an encouraging start to the week, with the US opening up sharply, following in the footsteps of the FTSE 100.

The Dow Jones opened up 1.81% or 195 points, to 11,012, buoyed by gains across Europe and with investors expecting a boost later in the week from the all-important Jackson Hole speech. Last year Federal Reserve chairman Ben Bernanke buoyed markets after hinting at a second round of QE, and this year investors will be listening out for any further plans to stimulate the economy. Ahead of the speech, investors were positive, with the S&P 500 also up 1.59% or 18 points, to 1,141. Meanwhile in the UK the FTSE 100 has started the week brightly, having been lifted by resources stocks pos...