8th September 2015
US stocks were poised to open higher on Tuesday as markets reopen following the Labor Day holiday.
Nasdaq 100 futures and S&P 500 futures signalled a gain of close to two per cent after European stocks rallied in the morning sessions, led by financials.
Dow Jones industrial average futures were trading about 300 points higher in London trade.
Commerzbank, Deutsche Bank, Barclays, HSBC, Lloyds, Societe Generale and BNP Paribas all rose strongly, while BMW, Daimler and Volkswagen also climbed.
Miners helped drive the FTSE 100 higher, with Rio Tinto and Anglo American among the big gainers.
Earlier, China's Shanghai Composite closed almost three per cent higher, shrugging off lacklustre Chinese import/export figures.
But it was not all smiles in Asian markets, as the Nikkei slumped 2.4 per cent lower to erase its gains for the year after figures showed Japan’s economy shrank 1.2 per cent in the second quarter.
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