US shares end on a high as European stock markets rebound

Shares in Europe and US have rebounded after a turbulent week in which stock markets tumbled to multi-month lows.

On Friday US stocks closed more than 1% up, with the S&P 500 posting its biggest gain in more than a week.

Europe's main indexes closed higher, having fallen sharply over concerns that the global economic recovery was running out of steam.

Despite the rises, Charles Stanley's Jeremy Batstone-Carr saying: "I'm not sure we're out of the woods." 

Poor economic and corporate data, along with worries about the impact of the Ebola crisis, had sent stock markets into a nosedive.

Read more: The FTSE 100 had fallen 10% since early September, Wall Street's Dow Jones index closed 263.1 points up, while the S&P 500 gained 23.98 points