After yesterday’s setback, Japan’s Nikkei closed up 10.23%, its biggest gain since 2008. European markets appear to have calmed down after Monday’s collapse, although doubts remain.
“Don’t panic.” That’s what investors seem to have said on Tuesday, after yesterday’s setback, ‘Black Monday’, which saw indices around the world in the red due to fears of a recession in the United States. The main European stock markets closed with mixed results, although more negative than positive, while the Asian stock markets recovered positively and Wall Street opened positively.
Stock markets appear to have calmed down after Monday’s plunge, although doubts remain about the health of the US economy and the impact of rising interest rates in Japan.
This afternoon, Asian stock markets set the trend, with selective stock markets Nikkeithe main benchmark index of the Tokyo Stock Exchange, bounce 10.23% at the end, after registering three consecutive days of falls. This is in fact the largest increase since that time 2008.
With Tuesday’s rise, the Tokyo index has fallen more than 11% so far in August, although it is still up more than 4% so far this year.
In Europethe main indices started the session with slight gains. At the close, the IBEX 35, the main index of the Spanish stock market, did so Went down 0.32%, just like Milan (0.6%) and Paris (0.27%). However, London gained 0.23% and Frankfurt 0.09%.
The price of a barrel of Brent quality oil, a benchmark for the Old Continent, rose 0.56% to $76.73 at the opening of European markets, while Texas stood at $73.53, up 0.56%.
In Wall Street, The major indices, in turn, opened in the green. Yesterday, the tech-heavy Nasdaq closed down 3.43%, while the S&P 500 index fell 3%, its biggest drop since 2022.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
