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| - Europe's stock markets nosed upwards Tuesday as a key survey showed solid investor confidence in Germany, the continent's biggest economy, while Wall Street opened higher as Monday's momentum kept going. After a Wall Street rally overnight fuelled by hopes for a coronavirus vaccine, the ZEW institute's monthly barometer measuring German investor expectations leapt to 77.4 points, the highest reading since May 2000. Asian indices had already closed higher for the most part earlier in the day. By midafternoon London's FTSE 100 index was up 1.2 percent, while the Frankfurt DAX 30 gained 0.4 and France's CAC 40 added 0.5 percent. The Dow Jones also headed upwards at open, gaining 0.8 percent. The "feeling is that the recent setback for the stock market has run its course," Briefing.com analyst Patrick O'Hare commented. "It's back to the races" for investor favourites like "mega-cap" tech companies, he added, with $2 trillion behemoth Apple expected to unveil a new smartwatch and iPad Tuesday. The euro rose against the dollar but was down versus sterling, which continued its recovery after diving last week on Brexit woes. Britain and the European Union are sparring over Prime Minister Boris Johnson's legislation that would break the Brexit deal signed earlier this year, with regard to several key areas related to Northern Ireland. MPs passed the bill at its first reading Monday night but Johnson faces a rebellion within his own Conservative party, fuelling uncertainty in Britain's already beleaguered economy. "Tensions within the UK Conservative party over the PM's internal market bill continue to fester," said Stephen Innes at AxiCorp. "There will likely be no clarity on Brexit well into November or even December, suggested by the latest sharp deterioration in the tone of negotiations." Hong Kong and Shanghai stock markets rose as traders cheered data showing China's retail sales -- a key gauge of the crucial domestic consumer sector -- rising for the first time since the pandemic struck, and beating expectations. There was also a forecast-beating pick-up in industrial output. The readings indicate the world's number-two economy is gradually recovering from the impact of virus lockdowns. "A solid set of numbers from China has produced the usual strong reaction from the FTSE's mining contingent, helping the index to make decent gains," Beauchamp added. And financial players can expect further support from the US central bank tomorrow. The market "will have a comfort blanket wrapped around it tomorrow when the Fed says it isn't raising rates" and will likely keep them low for years into the future, O'Hare said. But the US elections in early November could fuel market volatility "after months of steady advances in risk assets," Black Rock Investment Institute strategists said. London - FTSE 100: UP 1.2 percent at 6100.93 points Frankfurt - DAX 30: UP 0.4 percent at 13,241.73 Paris - CAC 40: UP 0.5 percent at 5,075.52 EURO STOXX 50: UP 0.6 percent at 3,337.83 New York - Dow Jones: UP 0.8 percent at 28,211.42 Tokyo - Nikkei 225: DOWN 0.4 percent at 23,454.89 (close) Hong Kong - Hang Seng: UP 0.4 percent at 24,732.76 (close) Shanghai - Composite: UP 0.5 percent at 3,295.68 (close) Euro/dollar: UP at $1.1876 from $1.1862 at 2050 GMT Pound/dollar: UP at $1.2886 from $1.2845 Euro/pound: DOWN at 92.16 pence from 92.35 pence Dollar/yen: DOWN at 105.31 yen from 105.73 yen West Texas Intermediate: UP 0.6 percent at $37.50 per barrel Brent North Sea crude: UP 0.6 percent at $39.83 per barrel dan-bcp/tgb/wai
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