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

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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