European stocks rose on Tuesday, as traders digested Wall Street earnings and escalating tensions between Sausi Arabia and the West. The pan-European Stoxx Europe 600 gained 5.68 points or 1.58% to end at 364.99 Germany’s DAX 30 rose 162.39 points or 1.40% to 11,776.55, while France’s CAC 40 rallied by 162.39 points or 1.53% to close at 5,173.05. The U.K.’s FTSE 100 meanwhile, rose 30.18 points or 0.43% to close at 7,059.40.
U.S.Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's sell-off. The Dow Jones Industrial Average jumped 547.87 points, or 2.94%, to 25,798.42, recording its biggest point gain since March. The S&P 500gained 59.13 points, or 2.15%, to 2,809.92. The Nasdaq Composite Index climbed 214.75 points, or 2.89%, to 7,645.49. It was the biggest single-day advance for all three indexes since March 26.
Stocks in Asia were higher on Wednesday morning following a strong bounce on Wall Street overnight. The Shanghai Composite gains 0.21%. In Japan, the Nikkei 2225 advanced by 1.59%. In South Korea, the Kospi also bounced higher by 1.31%. The ASX 200X traded up by 1.12% . Hong Kong's stock market is closed for a public holiday.
European markets are mixed today. The pan-European Stoxx 600 is down around 0.05%. The FTSE 100 is up 0.25% while the CAC 40 gains 0.04%. The DAX is off 0.38%.
Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 1.29% while China's Shanghai Composite is up 0.60%. The Kospi advanced by 1.04%. The ASX 200 also gained 1.18% . Hong Kong's stock market is closed for a public holiday.