Meanwhile stocks and commodities recovered after China’s surprise interest rate hike on Tuesday. The Dow Jones industrial average was up 129.35 points, or 1.18pc, at 11,107.97. The Standard and Poor’s 500 Index was up 11.78 points, or 1.05pc, at 1,178.17, with more than 20 companies scheduled to report third-quarter earnings today. The Nasdaq Composite Index was up 20.44 points, or 0.84pc, at 2,457.39.