European stock markets have posted modest gains after opening for their Tuesday trading sessions, but they have not nearly made up for Monday's losses.
Frankfurt's DAX has been up by around one percent, while in London, the FTSE 100 is up by almost 1.8 percent and the CAC 40 in Paris has regained more than three percent of its value. On Monday each of them lost at least seven percent. Earlier in the day, Asian markets continued to suffer. Tokyo's Nikkei index dropped more than five percent shortly after the opening of this Tuesday's trading session, before bouncing back somewhat. This took the Nikkei below the 10,000 point mark for the first time in five years. A bold move by Australia's central bank ECB to inject 70 billion into money markets ...
Pope apologises to Australian abuse victims ... spurred some markets to bit of a recovery. The Reserve Bank of Australia cut a full percentage point off of its key interest rate. Australia's benchmark SЯamp;P/ASX 200 index jumped by just over two percent as did Singapore's Straits Times index.
(Deutsche Welle)
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