European Markets Posting Strong Gains Monday??

European markets continue to post strong gains Monday at the midday mark, coming on heels of Asia’s dismal day.

London’s FTSE index is up 1.5%, the CAC-40 in Paris is 1.1% higher, and Frankfurt’s DAX index is up 1.3%.

Earlier Monday in Asia, Tokyo’s Nikkei index closed down 0.5%. The S&P/ASX index in Sydney gained 0.3%. The Hang Seng in Hong Kong is down 0.4%, while Shanghai’s Composite index lost 1.8%. The KOSPI index in Seoul rose 0.6%, and Taipei’s TSEC index is down 0.2%.

In late afternoon trading, Mumbai’s Sensex is 0.1% higher.

In commodities trading, gold is selling at $1,935.10 an ounce, up four-tenths of a percent. U.S. crude oil is selling at $39.21 an ounce, down 1.4%, and Brent crude oil is trading at $42.09 an ounce, down 1.3%.

Source: Voice of America