25th August 2015
European stocks climbed on Tuesday despite China’s benchmark index suffering a second day of losses.
The FTSE Eurofirst 300 added 4.5 per cent, while the DAX in Germany rose by four per cent.
Ahead of the open on Wall Street, S&P 500 futures rose 3.7 per cent, while Nasdaq futures added 4.25 per cent.
Gains came despite the Shanghai Composite Index extending its run of losses by closing down 7.6 per cent.
The sell-off has been fuelled by mounting worries about the health of China’s economy, which has also fed into weaker commodity prices, with oil, copper and other key metals near six-year lows.
Markets have been rocking since China’s devaluation of the yuan a fortnight ago, but a reduction in the country’s benchmark interest rate to 4.6 per cent could offer some support to fragile equity markets.
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.