Europe Markets: European stocks snap 3-day losing run as miners jump on ‘Turnaround Tuesday’ [MarketWatch]
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Source: MarketWatch
European stocks snap 3-day losing run as miners jump on ‘Turnaround Tuesday’ European stocks pushed higher Tuesday, with investor optimism returning ahead of the closely watched gathering of central bankers in Jackson Hole, Wyo., later this week. The Stoxx Europe 600 index SXXP, +0.83% jumped 0.8% to close at 375.80, halting a three-session losing skid. The pan-European benchmark fell 0.4% on Monday , in part on concerns about another flare-up in tensions between the U.S. and North Korea. “‘Turnaround Tuesday’ is here again,” said Chris Beauchamp, chief market analyst at IG, in a note. “One day down, one day up, and so on. This is the theme of August, with markets unable so far to establish a direction and stick with it. After losses yesterday the buyers have come back in, with fresh hope of moves on U.S. tax reform apparently providing the catalyst for gains.” “Perhaps this time we will see stock markets extend their gains into a second day; optimism surrounding Jackson Hole and p
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