Asian and European stocks rally to track dramatic late-day rebound in US markets

trader happy thumbs up approvalReuters / Kai Pfaffenbach

  • Asian shares jumped and European stocks soared, capping a tumultuous week of holiday trading in global stock markets.
  • European indexes have been battered more than the US this year, with worries about trade, Italy’s budget crisis, and rising interest rates weighing on sentiment.

The Euro Stoxx 50 and most major regional benchmarks posted gains of at least 1.2% in the first hours of trading on Friday, following a 0.4% rise in the Shanghai Composite Index.

The increases come after a sharp rebound in US trading on Thursday, where stocks erased sharp losses in a choppy trading session a day after a dramatic rally led Wall Street to its largest percentage gains in nearly a decade.

See the rest of the story at Business Insider

NOW WATCH: Bernie Madoff was arrested 10 years ago today — here’s what his life is like in prison

See Also:

SEE ALSO: While China and the US spar over trade, Europe quietly heads for its worst year since the financial crisis

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.