European markets have opened very strongly this morning with the DJ Euro Stoxx 600 up 1% and the FTSE All-Share up 1.3%.
There is widespread strength across all sectors with the more cyclical areas (basic materials, financials and oil & gas) leading the rally.
US equities finished mostly lower on Tuesday, with trading fairly subdued ahead of a pickup in activity on the earnings calendar over the next few days, particularly for the financials and technology sectors.
The S&P 500 was down 0.3% and the Dow Jones was down 0.2%. There was renewed selling pressure in managed care stocks as the passage of healthcare reform legislation progressed in Congress.
Previous working day closing figures:
Dow Jones: 9,871.06
FTSE All-Share: 2,653.03
FTSE 100: 5,154.15
FTSE 250: 9,388.83
FTSE AIM: 671.96
Market snapshots (at 10:09):
FTSE All-Share: +1.63%
FTSE 100: +1.74%
FTSE 250: +1.14%
FTSE AIM: +0.32%
This daily market round-up was brought to you by Henderson New Star in association with IFAonline.co.uk.
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