Overseas Trading: European Stocks Bounce Back

Stocks in Europe are bouncing back, following the deadly terrorist attacks in Brussels

by Karee Venema

Published on Mar 23, 2016 at 8:39 AM

Most Asian markets finished lower today, as stocks reacted to deadly terrorist attacks in Brussels and declining crude futures. By the close, Japan's Nikkei and Hong Kong's Hang Seng were both down 0.3%, while South Korea's Kospi shed 0.1%. China's Shanghai Composite, however, rose 0.4%, buoyed by optimism over a potential Shenzen-Hong Kong stock exchange trading link.

Markets in Europe are higher at midday amid a low-volume session, boosted by a bounce back in travel stocks. Traders are also keeping a close eye on Credit Suisse, which announced a fresh round of job cuts after the firm forecast another quarterly loss. At last check, the German DAX is up 1.1% as investors digest a draft of Finance Minister Wolfgang Schaeuble’s 2017 budget. Elsewhere, the French CAC 40 is 0.4% higher, and London's FTSE 100 is flirting with a 0.2% lead.

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