Europe's main stock markets climbed Thursday as the European Central Bank cut interest rates for the second time this year, while Wall Street equities shook off early weakness to also

European Central Bank Governing Council member Klaas Knot said he’s comfortable with investor bets on further interest-rate cuts.

In the US, major equity indexes finished the week higher, recovering much of the losses from the week before, writes Ian Slattery.

Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher in early trading Thursday and above its all-time closing high set in July.