Stock market: Europe and Tokyo rebound in the wake of Wall Street

After Wall Street’s good results yesterday at the close of trading, Tokyo and the European stock exchanges followed suit.

The New York Stock Exchange finished strongly up on Monday. The main reasons for this were the British government’s retreat on the tax measures announced last month and the results of Bank of America. The Dow Jones index gained 1.86% to 30,185.82 points, the S&P-500 gained 2.65% to 3,677.95 points and the Nasdaq jumped 3.43% to 10,675.80 points.

In its wake, the Paris Bourse is expected to rise sharply at the opening on Tuesday. However, the figures were at their lowest early Thursday afternoon after the U.S. inflation figures. But the Paris stock market has regained its momentum: in just over two sessions, it has recovered nearly 6%, returning above 6,000 points. At the close on Monday evening, it reached its highest level in almost a month. “Earnings releases remain the focus for all US companies“, as well as in Europe, but “expectations are low for this season” commented Stephen Innes, manager at Spi AM.

The first indications available this morning give a gain of 1.11% for the Paris CAC 40, 1.14% for the Dax in Frankfurt, 0.77% for the FTSE in London and 1.16% for the EuroStoxx 50.

The Stoxx 600, Europe’s benchmark index, gained 1.83% on Monday to record its best close in nearly two weeks.

In Tokyo, the stock market started higher Tuesday morning after the sharp rebound on Wall Street the day before. The leading Nikkei index gained 0.84 percent to 27,001.12 points and the broader Topix index rose 0.8 percent to 1,894.55 points.

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Featured photo : © Aleksandar Pasaric

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Hélène Cougot

Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.