The European indices received a boost from the strong upward reaction of the Asian markets today, which started with significant gains as well as - it seems - that the situation in China has normalized and the expectations for the country's economy are improved.
The British FTSE 100 increased by 1.64% at 6,247 points, the German DAX rose by 2.14% at 10,491 points and the French CAC 40 moved up by 2.23% at 4,701 points.
The STOXX 600 index recorded profits of 2.05% at 366.37 points.
On the board, the air transport industry is recording strong gains. Ryanair (NASDAQ:RYAAY) rises by 9.4% as it upgraded its targets for the fiscal year by 25% while Air France KLM (OTC:AFLYY) is at +2.3% also after the announcement that passenger traffic in August increased.
Com Hem (ST:COMH) is at + 3.8% as it has leaked that TDC A/S (COP:TDC) of Denmark is in discussions with its management about a possible acquisition.
Nikkei Reaches A 7-Year High
The Nikkei Index recorded the biggest one-day rise in nearly seven years at the Tokyo Stock Exchange on Wednesday, as the statements of the Japanese Prime Minister Shinzo Abe sparked hopes that new measures will be taken to support the economy.
Nikkei jumped by 7.71% and closed at 18,770.51 points, recording the highest daily gains from October 30 of 2008. The pharmaceutical companies and the financial sector led the uptrend.
The broader index TOPIX closed with a spectacular increase by 6.4% at 1,507.37 points with the value of transactions climbing to ¥3.14 trillion - at least 15% above the average of the last 100 days.
The statements of Shinzo Abe boosted the investment climate, who hinted that he would seek a reduction of corporate taxation and appeared optimistic about reaching a commercial agreement for the Pacific region.