Stocks are opening higher on Wall Street on Tuesday after gains in Europe, where markets rose on some encouraging economic data.
Stocks are opening higher on Wall Street on Tuesday following gains in Europe, where markets rose on some encouraging economic data.
Asian markets initially opened lower, spooked by reported comments by White House trade advisor Peter Navarro suggesting that the U.S. trade deal with China was in trouble. European shares advanced after a measure of economic activity in the eurozone, the purchasing managers’ index, rose significantly in June from the month before. The index was just shy of the level that indicates the economy is growing again after a devastating plunge in the spring.France’s CAC 40 gained 1.6% to 5,027, while Germany’s DAX rallied 2.6% to 12,584. Britain’s FTSE 100 gained 1.3% to 6,235.
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