International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - Wall Street has ended the day solidly higher, following European bourses after a moderately successful Spanish bond auction and on speculation about more Federal Reserve stimulus.
The Dow Jones Industrial Average ended Tuesday at 12,837.33, up 95.51 points, or 0.75 per cent.
The S&P 500 hit 1,357.98, up 13.20 points, or 0.98 per cent.
The Nasdaq reached 2,929.76, up 34.43 points or 1.19 per cent.
The rally started early amid a downtick in Spain's debt yields, solid gains by Europe's major bourses, and a recent run-up by the euro, Briefing.com analysts said.
It also was spurred on by the prospect of more monetary stimulus as the Federal Reserve began another crunch policy meeting.
LONDON - European markets and the euro were higher amid hopes of more Federal Reserve stimulus measures and despite strains on Spain and poor investor sentiment in Germany.
The gains followed a successful Spanish bond auction and was fuelled by hopes that the US Federal Reserve would move to boost the world economy during two days of meetings that began on Tuesday.
At Tuesday's close, London's benchmark FTSE 100 index finished the day up by 1.73 per cent at 5,586.31 points.
In Frankfurt the DAX 30 rallied 1.84 per cent to 6,363.36 points, while in Paris the CAC 40 rose by 1.69 per cent to 3,117.92 points.
In Madrid the Ibex 35 IBEX-35 climbed 2.67 per cent to 6693.9 points, while in Milan the FTSE Mib index soared 3.35 per cent.
HONG KONG - Asian markets mostly fell as fears about Spain's surging borrowing costs replaced the previous day's optimism over Greece's election, while G20 leaders struggled to soothe dealers' nerves.
Tokyo tumbled 0.75 per cent, or 65.15 points, to 8,655.87 and Shanghai gave up 0.66 per cent, or 15.26 points, to 2,300.80.
Hong Kong closed flat, dipping 11.14 points to 19,416.67, while Seoul was also almost unchanged, edging up just 0.06 points to 1,891.77.
WELLINGTON - The NZX 50 rose 24.70 points, or 0.7 per cent, to 3480.38.