Previous close | 5,794.96 |
Open | 5,872.27 |
Volume |
Day's range | 5,846.10 - 5,927.50 |
52-week range | 5,756.38 - 7,384.86 |
Avg. volume | 84,319,032 |
European stock markets traded higher Wednesday, rebounding strongly with investors seeking bargains after the previous session’s slump on increasing recession fears. The number, which is an important leading indicator for the Eurozone economy, helped overcome some of the pessimism generated by Tuesday’s publication of S&P GIobal's composite purchasing managers index for the single currency bloc, which registered its lowest reading in 16 months. The region’s main equity indices closed with hefty losses on Tuesday after fresh survey data showed the Eurozone economy edging closer toward contraction.
European stock markets are expected to open higher Wednesday, regaining some poise after the previous session’s slump on increasing recession fears. At 02:00 AM ET (0600 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 1.2%, and the FTSE 100 futures contract in the U.K. rose 1%. This weakness followed the publication of S&P Global's composite purchasing managers index for the single currency bloc, which registered its lowest reading in 16 months.
European stock markets edged lower Tuesday, with concerns about the region’s economic recovery diluting the positive start to the new month. Worries that central banks around the world will push economies into recession in tackling rampant inflation sent investors running for cover during the first six months of the year, with the broad-based pan-European STOXX 600 down some 16% year to date. Helping the tone Tuesday was healthy economic data out of Asia, as China's June services activity expanded at the fastest in almost a year while Japan's service sector activity grew at the fastest rate in over eight years.