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Calm returns to global exchanges | Calm returns to global exchanges |
(about 2 hours later) | |
Calm has returned to global markets, with European shares higher in afternoon trading after earlier gains in Asia and overnight on Wall Street. | |
Despite continuing concerns over the US economy, confidence has returned following strong results from Apple. | Despite continuing concerns over the US economy, confidence has returned following strong results from Apple. |
The computer firm posted a 67% rise in quarterly profit on Monday. | The computer firm posted a 67% rise in quarterly profit on Monday. |
London's main FTSE 100 index had risen 99 points or 1.5% to 6,558 by mid afternoon, while Frankfurt's Dax was up 0.9% and Paris' Cac had added 1.2%. | |
Caterpillar warning | Caterpillar warning |
Tokyo's Nikkei index had earlier closed up 12 points at 16,451, with analysts saying Japanese shares were also benefiting from the yen falling against the dollar. | Tokyo's Nikkei index had earlier closed up 12 points at 16,451, with analysts saying Japanese shares were also benefiting from the yen falling against the dollar. |
New York's main Dow Jones index finished Monday in New York up 45 points to 13,567, on optimism about Apple's results before they were released following the close of trading. | New York's main Dow Jones index finished Monday in New York up 45 points to 13,567, on optimism about Apple's results before they were released following the close of trading. |
Markets had fallen sharply on Monday and Friday, after US heavy machinery group Caterpillar said it expected the US economy would be "near to, or even in, recession" next year. | Markets had fallen sharply on Monday and Friday, after US heavy machinery group Caterpillar said it expected the US economy would be "near to, or even in, recession" next year. |