'Relatively good news for the stock markets'

European stock markets have continued to rebound from Monday's steep losses.

Both Frankfurt and London have started the day with strong gains following a bounce for shares in New York on Tuesday with the Dow Industrials closing 4% higher.

Confidence was bolstered by a decision from the US Federal Reserve to hold interest rates near 0% for at least two years.

Simon Derrick is a currency analyst at Bank of New York Mellon says the US has "left the door open for further quantitative easing".