After a day of market chaos, European stock markets rise more than 3%.
Even after the Ibovespa suffered its biggest drop since 1998, and the American market its biggest fall since 2008, the main European stock exchanges opened higher, by more than 3%, this Tuesday morning (10)
247 - The main European stock exchanges opened higher this Tuesday morning (10), even after the Ibovespa suffered its biggest fall since 1998 and the American market since the 2008 financial crisis. Oil also shows signs of recovery.
This Tuesday morning (10), the FTSE 100 index of the London Stock Exchange rose 3,81%; the Frankfurt Stock Exchange rose 3,5%; the Madrid Stock Exchange showed an increase of 3,65%; the Paris Stock Exchange rose 3,99%; and the Milan Stock Exchange rose 3,09%.
In contrast, in Russia, the Moscow Stock Exchange fell 14% at the market opening, as a consequence of the drop in oil prices, which fell by as much as 30% on Sunday.
The European Central Bank (ECB) is due to meet next Thursday (12) to take some measure to stimulate the European stock market. The British Finance Minister is also due to speak, now through his annual Budget speech, scheduled for Wednesday.