9th July 2015
Shares in key markets in Asia and Europe were trading higher on Thursday as a rebound in Chinese equities coupled with easing fears about Greece lent support to investors.
The Shanghai Composite Index soared nearly six per cent in volatile trading to record its biggest daily gain since 2009, as efforts to halt a recent run of losses had some effect.
The improved mood fed into other Asian markets, with the Hang Seng in Hong Kong up nearly four per cent.
In Europe, hopes that any fallout from Greece could be contained helped lift equity markets.
The DAX in Frankfurt rose 1.7 per cent, while in London the FTSE 100 climbed over one per cent after upbeat trading figures from housebuilders.
Stocks in Portugal and Spain were also higher, while shares on the Paris bourse rose more than two per cent.
Stocks in the US had fallen sharply on Wednesday after fears about China’s meltdown caused unease, while an outage at the New York Stock Exchange suspended trading for more than three hours.
Elsewhere, the euro inched towards a week-high against the dollar after slightly dovish Federal Reserve minutes showed the US central bank is still in no rush to hike rates.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.