LONDON — European markets opened higher on Tuesday morning following Asia suffered heavy losses, as investors await the conclusion of a meeting of the United States Federal Reserve on Wednesday.
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The CAC 40 jumped 1.1% at the start of the session in Paris, while the DAX added 0.6% in Frankfurt and the FTSE 100 0.5% in London.
In New York, before the opening of the markets, the Dow Jones average of industrial values collapsed by 1.1% and the broader S&P 500 index by 1.6%.
In Asia, the Nikkei 225 fell by 1.7% in Tokyo, the Shanghai Stock Exchange by 2.6%, the Australian Stock Exchange by 2.5%, the Hang Seng by 1.7% in Hong Kong and the Kospi by 2.6% in Seoul.
On the New York Commodities Exchange, oil prices added US$1 to US$84.31 a barrel.
The Canadian Press