Asian markets continued the global stock market rally, following yesterday's unveiling of the ECB's bond buying plans, with some indices up 3.8%.
UK shares were once again lower this morning, extending yesterday's sharp losses as falls in Asia overnight impacted confidence.
Investors are preparing for a sell-off in equities if policy action in the US and Europe fails to be aggressive enough.
Shares across Europe were lower in trading this morning as concerns mounted ahead of a key gathering of central bankers on Friday.
Asian stock markets echoed Wall Street's overnight slump as investors fretted over declining Japanese export figures.
The S&P 500 is at a four-year high and the Dow looks set to follow as US equity investors continue to make gains.
Aberdeen's multi-asset specialist Mike Turner has outlined three crucial factors which must be aligned to support a sustained equity market rally.
Markets around the globe sold-off overnight after ECB President Mario Draghi failed to provide the stimulus the market had expected to tackle the eurozone crisis.