US markets regain ground after sell-off

US markets gained some ground this afternoon ahead of consumer confidence and home sales data, following a sell-off in Europe yesterday.

The Dow was 0.32% higher at 12,968 and the S&P 500 rose 0.11% shortly after the open as markets awaited key economic data and Apple’s results after the close of the session. In the UK, the FTSE 100 clawed back some of ground lost yesterday when macro fears over the eurozone had depressed markets. The UK's index of leading shares was trading flat, up just 0.7% at 5,669 by 2.30pm. Man Group led the risers , climbing 4.48% to 96.7p as UBS reiterated its buy recommendation on the stock. It said the hedge fund manager is a "likely take-out candidate" and is on its 'M&A Watch List'. "Wit...