Wednesday, 25 May 2016

US and European stocks jump

Stocks in the US and Europe rose sharply on Tuesday.

The S&P 500 jumped 1.4 percent and the STOXX Europe 600 surged 2.2 percent.

“Some of the economic news that’s come out has been fairly nice,” said Tom Carter, managing director at brokerage JonesTrading. “There‘s the underpinnings of something to build on.”

However, in Asia, the Nikkei 225 fell 0.9 percent while the Shanghai Composite Index fell 0.8 percent.

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