Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.
The S&P 500 advanced 3.29% to 1,103.06 in the US overnight, while the Dow Jones was up 2.85% to climb back over the 10,000 barrier. The tech-heavy Nasdaq index jumped 3.73%. Investor sentiment was given a boost by China's reassurances it was not considering cutting its holdings of eurozone debt amid the recent crisis. China labelled the report saying it was mulling such a move as "baseless". In London, the FTSE 100 ended yesterday up 3.12% higher, to 5,195.17. Insurers were the big winner on the day following news the investor rebellion against the proposed Prudential of AIA has hi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
