Shares worldwide were set for their biggest daily gains in nearly a month on Friday as European and Asian markets recovered from a days-long sell-off that left them set for their worst week since February.
After Asian shares rose overnight, European stocks opened higher, with the pan-European STOXX 600 .STOXX up 0.7 percent.
Germany's DAX .GDAXI was up half a percent while Britain's FTSE 100 .FTSE gained 0.7 percent.
S&P stock futures pointed to a rebound in U.S. stocks later in the day ESc1 , while the VIX volatility index .VIX climbed down from an eight-month high.
The MSCI All-Country World index .MIWD00000PUS , which tracks shares in 47 countries, was up half a percent on the day.
"Some traders are cautiously buying back into the market today, but the underlying issues which brought about the sell-off are still relevant," CMC Markets analyst David Madden said.
