Stock markets staged a comeback in Europe and Asia Wednesday after two days of big losses and a hefty, surprise rate cut by the U.S. Federal Reserve, CNN reported. After nearly an hour of trading in London, the FTSE 100 list of leading shares, which tumbled 5 percent on Monday, had risen at 0840 GMT by 0.37 percent on Tuesday's close to reach 5761. The Paris CAC 40 was up by 1.19 percent at 4900 while the Frankfurt DAX 30 rose 0.69 percent at 6815. Asian markets were also up. Japan's benchmark Nikkei index gained 2.04 percent, to close at 12,829.06 points on the Tokyo Stock Exchange. --MORE
