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The Stoxx Europe 600 Index slipped 0.2 per cent, reversing earlier falls and contributing to an overall rise of 3.2 per cent this year, according to Bloomberg.
Both the MSCI Asia Pacific Index and futures on the Standard and Poor's 500 Index rose 0.3 per cent.
Reports have suggested the IMF will attempt to expand its lending resources in order to ensure continued financial liquidity and protect the global economy as much as it can from the debt crisis in Europe.
Chris Beauchamp, a market analyst at IG Index, reminded the news provider that the IMF's plan is currently only a proposal.
Nevertheless "the rumours about an increase in lending may have helped to spur markets", he told the news provider.
Fears over the global economy increased yesterday as Tony Dolphin suggested the UK could be entering a recession.
Posted by Greg Secker
