The sharemarket was on track for its biggest one-day rise in seven months today, as investors responded positively to yesterday's sharp fall in stock prices, which followed the release of US Federal Reserve minutes showing growing concern about quantitative easing.
Market sentiment was helped by comments from Reserve Bank of Australia Governor Glenn Stevens that a further easing in monetary policy was more likely than a tightening.
Source:
http://www.theaustralian.com.au/business/markets/asx-200-jumps-15pc-regains-some-of-thursdays-23pc-loss/story-e6frg916-1226583357711