Skip to Content
Market Update

European Stocks Bounce Back

Shares in Europe rose early Wednesday, as equities rose globally, taking back some of the losses logged in the aftermath of the Japan quake and nuclear crisis recently.

At 1:30 p.m. (I.S.T.), Britain's FTSE and France's CAC opened up 0.2% higher while Germany's DAX, which fell heavily Tuesday, gained 1%.

As investors came in to buy beaten-down equities in the hopes the Japan nuclear crisis would not spiral into something more devastating and that the earthquake damage would be gradually made up for, stocks that had fallen the most in the recent correction gained the most.

In Germany, power-generation company E.On climbed 2.2% while Munich Re advanced 3%.

In other news-driven movers, InterContinental Hotels Group fell 1.3% after the CEO stepped down and the company announced a new incumbent.

While in sector movers, miners BHP Billiton, Rio Tinto and Xstrata gained 0.4% to 1.4%. Financials were mixed: Barclays and BNP Paribas shed over 0.5% while Credit Agricole and Deutsche Bank rose about 0.5% each.

Sponsor Center