The FTSE 100 index of leading British shares is 0.9 percent higher at 6,168.
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Bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.75 percent. Asian stocks were mixed Monday after China’s trade contracted in April and USA job growth came in weaker than expected.
“Not that they did anything, but they’re talking about something”, he said. The index rebounded after ending the previous session at its lowest closing level in over a month. The yen weakened against the dollar to around 109.3 yen. The euro edged lower, to $1.1400 from $1.1410.
Turning to China, the Dalian commodity exchange said it would strengthen its market monitoring and might increase transaction fees to curb speculation.
Boeing and General Electric each rose 2 percent Tuesday, among the biggest gains in the Dow Jones industrial average.
Shares of Lending Club tumbled 26 percent to $5.25 after the CEO of the world’s biggest online lending platform resigned following an internal probe.
On the domestic front, A SGX Nifty 50 index future for May series is trading down by 25 points at 7,879.
“I just think this is latent buying power and it comes into play after the market’s been down for a few days”, he said, noting “a lack of bad news”.
Last Friday, the Labor Department released a report showing much weaker than expected job growth in the month of April.
Gap dived 11.7 percent after reporting first-quarter sales of $3.44 billion, below analyst expectations for $3.54 billion.
Baidu shares were down 2.2 percent at $170.17 after regulators in China asked the company to rein in paid-for ads following the death of a student who had sought treatment for cancer through the company’s search engine.
European stock markets are posting solid gains after a positive session in Asia in the wake of Chinese inflation data that eased worries over falling prices in the world’s number 2 economy. France’s CAC 40 has firmed 1.2 percent to 4,354.
Amid another relatively quiet day on the US economic front, trading on Tuesday may be impacted by reaction to the latest batch of earnings news.
The Dow Jones industrial average rose 184 points, or 1 percent, to 17,890. The U.S. benchmark S&P 500 gained 0.9 percent and the pan-European FTSEurofirst 300 index advanced 0.8 percent.
Mostly Asian markets opened higher in early trade on Tuesday.
The price of crude oil for June delivery is now climbing USD0.59 to USD44.03 a barrel after slumping USD1.22 to USD43.44 a barrel in the previous session.
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Advancing issues outnumbered decliners on the NYSE by 2,225 to 701, for a 3.17-to-1 ratio on the upside.
