Europe and Asia Follow the U.S. Market Back Up

European and Asian markets bounced back this morning following on from yesterday's rally in New York. Germany led the pack with Frankfurt's DAX index at one point hitting a new record of 9643, although the excitement was tempered by weaker than expected German economic figures for 2013. In London, fashion house Burberry hit the results catwalk with a stellar 14% increase in retail revenues to around $866 million for the third quarter. Asia recovered after losses earlier in the week, despite World Bank concerns that emerging markets could be disrupted again this year if the Fed and other Central Banks taper market support too quickly.