European markets have opened very strongly this morning with the DJ Euro Stoxx 600 up 1% and the FTSE All-Share up 1.3%.
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There is widespread strength across all sectors with the more cyclical areas (basic materials, financials and oil & gas) leading the rally.
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US equities finished mostly lower on Tuesday, with trading fairly subdued ahead of a pickup in activity on the earnings calendar over the next few days, particularly for the financials and technology sectors.
The S&P 500 was down 0.3% and the Dow Jones was down 0.2%. There was renewed selling pressure in managed care stocks as the passage of healthcare reform legislation progressed in Congress.
From: http://www.investmentweek.co.uk/investment-week/news/1558481/daily-market-focus-cyclicals-leads-euro-rally
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