Markets recover poise after big sell-off

Global stocks find firmer footing after China slowdown fears sell-off

Associated Press

LONDON (AP) -- Global stocks recovered their poise Tuesday following a sell-off the previous day when investors were particularly gripped by concerns over the Chinese economy.

Amid a dearth of economic news, markets settled down a day after figures showing a slump in Chinese exports raised concerns over the outlook for the world's number 2 economy.

"It could well be a case of sitting tight and waiting for the next clues out of China," said Patrick Latchford at Valutrades.

In Europe, Germany's DAX was up 0.8 gained at 9,339 while the CAC-40 in France was flat at 4,371. The FTSE 100 index of leading British shares was up 0.1 percent at 6,699.

In the U.S., the Dow Jones industrial average was up 0.1 percent at 16,437 while the broader S&P 500 index rose the same rate to 1,880.

Earlier in Asia, Japan's Nikkei 225 stock average added 0.7 percent to 15,224.11 and Hong Kong's Hang Seng rose less than 0.1 percent to 22,269.61. China's Shanghai Composite inched up 0.1 percent to 2,001.16.

The mood was largely steady elsewhere. Among currencies, the euro was down 0.1 percent at $1.3865 while the dollar was steady at 103.30 yen. In the oil markets, a barrel of benchmark crude was down 0.5 percent at $100.64.

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