After several days of losses as investors fretted over the European debt crisis, stock markets in Asia and Europe made early gains Wednesday morning. By midday, the UK’s FTSE 100 index was up 2.11%, Germany’s Dax was 1.93% higher, and France’s Cac was up 2.74%. In Asia, the Nikkei index rose 0.7%, South Korea’s Kospi index added 1.4%, and Australia’s main index climbed 1%.
“After yesterday’s dramatic falls, a semblance of calm has returned,” said ODL Securities analyst Owen Ireland in London. “One cannot hide the fact though that there is an underlying fragility to markets – whilst the rallies are smaller than the falls, there may be a reluctance to pile monies into the markets.”
Source: BBC News
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