Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.
The S&P 500 advanced 3.29% to 1,103.06 in the US overnight, while the Dow Jones was up 2.85% to climb back over the 10,000 barrier. The tech-heavy Nasdaq index jumped 3.73%. Investor sentiment was given a boost by China's reassurances it was not considering cutting its holdings of eurozone debt amid the recent crisis. China labelled the report saying it was mulling such a move as "baseless". In London, the FTSE 100 ended yesterday up 3.12% higher, to 5,195.17. Insurers were the big winner on the day following news the investor rebellion against the proposed Prudential of AIA has hi...
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