It could be safe for investors to open their eyes again now, as it looks like global markets are settling down.
US benchmarks are expected to follow the trend when the market opens, with the Dow Jones seen rising some 190 points from last night's close of 16,286, while the broader-based S&P 500 is tipped to kick-off around 21 points up from yesterday's closing value of 1,941.
The Shanghai Composite recovered from earlier losses on Thursday to stand 5.3% up by the close, but analysts said the rise may not have been all it seemed, with reports claiming that state-directed investors had bought stock to ensure a positive trading close.
Connor Campbell at Spreadex cited reports saying Beijing wanted stocks to rise to prevent any distraction from next week's World War II victory over Japan parade, which counts as one of the more unusual pieces of stock market commentary.
Either way, central bankers will have a lot to talk about once the talking shop opens later today at the Jackson Hole summit.
Around half the members of the Federal Reserve will be attending but not, unusually, the head honcho, Janet Yellen.
"While this makes any strong indication of policy moves in the coming months unlikely – as we’ve seen at this event in the past, we could still get important insight from other policy makers including vice Chair Stanley Fischer who will speak on Saturday," noted Craig Erlam, of spread betting firm OANDA.
Meanwhile, energy markets are also looking healthier; the prices of a barrel of Brent and US sweet, light crude were both up about 3.5% in London this morning, taking the latter to just shy of US$40.
Speculation that the US Federal Reserve will hold back from raising interest rates next month also lifted sentiment.
As there was earlier this week, there is a bit of bid speculation to juice things, with St Jude Medical (NYSE:STJ) advancing more than 5% in pre-market trading on reports that Abbott Laboratories (NYSE:ABT) is mulling a bid.
Upmarket jeweler Tiffany (NYSE:TIF) failed to sparkle with its quarterly earnings report, and was down 4.2% ahead of the bell, while further down the retail value chain Dollar General (NYSE:DG.) was also friendless after its trading update.