Greengates Builders Merchants

Greengates Builders Merchants Accrington, Lancashire Is Pleased The World Stock Markets Rebound After Falls!

Global stock markets bounced back on Wednesday 26th May after heavy losses the day before, with Asia leading the recovery.

Shares had fallen on Tuesday 25th May on worries about continued weakness in the euro economy, and Korean tensions.

Wall Street gave a further boost to values when it opened, with the Dow Jones index up 0.9%.

In Europe, the UK's FTSE 100 index was up 2.56%, Germany's Dax index was 2.47% higher, while France's Cac 40 index was trading up 3.15%.

Shares had risen earlier in Asia. In Japan the Nikkei index rose 0.7%, South Korea's Kospi index added 1.4% and Australia's main index climbed 1%.

Markets in mainland China, Hong Kong, Singapore, India, Indonesia and Taiwan also closed higher.

"After Tuesdays dramatic falls, a semblance of calm has returned," said ODL Securities analyst Owen Ireland in London.

"One cannot hide the fact though that there is an underlying fragility to markets - whilst the rallies are smaller than the falls, there may be a reluctance to pile monies into the markets."

Oil rallied too, with a 2% gain taking the price of US crude to above $70 a barrel.

However, the euro slipped against the US dollar to $1.2334 from $1.2372. The pound was up 0.13% at 1.16860 euros.

Here at Greengates Builders Merchants Accrington, Lancashire we hope that after a dip in the stock market all will come bouncing back stronger.

 

Greengates Builders Merchants delivering to the whole of Lancashire including: Accrington, Blackburn, Burnley, Clitheroe, Darwen, Great Harwood, Haslingden, Padiham and Pendle.