European markets are up and Wall Street is expected to gain on the open a day after falling by the most since Black Monday crash of 1987.

Shares are up about 5% in Paris and London but fell 6.1% in Japan. Wild swings continued in some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies. India's Sensex gained 4% after plunging 10% when it opened.

More central banks, including those of China, Sweden and Norway, intervened to flood credit markets with liquidity, a day after similar interventions from the U.S. Federal Reserve and European Central Bank.

(Story written by By ELAINE KURTENBACH/AP)