European markets have continued the positive momentum that began earlier Tuesday in Asia, indicating the resilience of global financial markets amid the coronavirus pandemic, strained U.S. -China relations and escalating U.S. street protests.
After being closed the day before for a public holiday, Frankfurt’s DAX index is leading the way, soaring 3.4% in midday trading. The FTSE in London is up 1%, while the CAC-40 in Paris is trading 1.8% higher.
In Asia, both Tokyo’s benchmark Nikkei index and Hong Kong’s Hang Seng finished Tuesday’s trading session 1.1% higher. Shanghai ended the day up 0.2%. Sydney’s S&P/ASX finished 0.3% higher, the KOSPI index in Seoul gained 1%, and Taiwan’s TSEC index rose 0.4%.
In oil futures trading, U.S. crude is selling at $36.39 per barrel, up 2.6%, while Brent crude, the international standard, is selling at $39,35 per barrel, also up 2.6%.
In equities futures trading, the Dow Jones, S&P 500 and the NASDAQ are all trending upward, indicating a strong opening for Wall Street.
Source: Voice of America