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| Europe shares rise after US vote | Europe shares rise after US vote |
| (9 minutes later) | |
| European stocks have risen in morning trading following the US Senate's decision overnight to back the revised US financial rescue plan. | |
| The UK's FTSE 100 index was up 73 points at 5,032 while Germany's Dax rose 1% to 5,866. | The UK's FTSE 100 index was up 73 points at 5,032 while Germany's Dax rose 1% to 5,866. |
| Asian stocks had earlier finished mixed, with Japan's Nikkei losing 1.9%, while Hong Kong's Hang Seng rose 1%. | Asian stocks had earlier finished mixed, with Japan's Nikkei losing 1.9%, while Hong Kong's Hang Seng rose 1%. |
| Analysts said European investors seemed hopeful the US House of Representatives will now back the revised plan. | Analysts said European investors seemed hopeful the US House of Representatives will now back the revised plan. |
| It was the House of Representatives that rejected the first deal on Monday. The House is now due to vote on the revised proposal on Friday. | |
| 'Essential' | |
| Since the first $700bn (£380bn) plan was rejected, the US government has made a number of changes to help win over opponents. | |
| Investors are still concerned about the efficiency of this rescue plan and how it can help the global economy Aric Au, Phillip Securities | |
| These include raising the government's guarantee on savings from $100,000 to $250,000, tax breaks to help small businesses, expansion of child tax credit, and help for victims of recent hurricanes. | |
| President George W Bush said that the package was "essential to the financial security of every American". | |
| However, economists said doubts remained about how effective the package would be. | |
| "Investors are still concerned about the efficiency of this rescue plan and how it can help the global economy," said Aric Au of Phillip Securities in Hong Kong. |