Page last updated at 22:07 GMT, Wednesday, 14 October 2009 23:07 UK

JP Morgan boost for US markets

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World markets have been boosted by the news that US bank JP Morgan Chase reported a better-than-expected profit in the July-to-September quarter.

The Dow Jones Industrial Average topped the 10,000 mark for the first time in a year following the revelation.

The Dow closed 144.8 points higher at 10,015.86 - its highest level since October 2008. European markets also closed higher, with banking stocks leading the way up.

Karen Nye reports from New York.

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