World Markets Up As Wall Street Rallies

Europe and Asia stocks rose on Wednesday, July 20, 2022, following Wall Street's strongest day in more than three weeks as corporations announced robust quarterly profits, Elaine Kurtenbach reported for the Associated Press (AP).

Photo Insert: The S&P 500 increased 2.8% on Tuesday, while the Dow Jones Industrial Average increased 2.4%. The Nasdaq climbed 3.1% and the Russell 2000 increased 3.5%.

The DAX in Germany rose 0.1 percent to 13,318.21, while the CAC 40 in Paris rose 0.1 percent to 6,210.15. The FTSE 100 gained 0.3% to close at 7,317.04. Futures for the S&P 500 and the Dow industrials were up 0.2 percent on Wall Street.

The S&P 500 increased 2.8% on Tuesday, while the Dow Jones Industrial Average increased 2.4%. The Nasdaq climbed 3.1% and the Russell 2000 increased 3.5%.

In Asia, the Nikkei 225 in Tokyo rose 2.7% to 27,680.26, while the Hang Seng in Hong Kong improved 1.1% to 20,892. The Kospi index in Seoul rose 0.7% to 2,386.85. The S&P/ASX 200 in Australia surged 1.7% to 6,759.20, while the Shanghai Composite index increased 0.8% to 3,304.72. Indian and Taiwanese stocks also climbed.

In other electronic trading on the New York Mercantile Exchange, US benchmark crude oil fell $1.17 per barrel to $99.57 per barrel.

Tuesday's price increased by $1.32 to $100.74 per barrel. Brent crude, the international benchmark for pricing, fell $1.07 per barrel to $106.28. The value of the dollar against the yen increased from 138.18 to 138.25. The value of the euro increased to $1.0234 from $1.0231.

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