LIVE MARKETS-85% of the STOXX flashing green, volatility stays high

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85% OF THE STOXX FLASHING GREEN, VOLATILITY STAYS HIGH

European shares rose around 1% in early deals on Tuesday, reversing a little part of the heavy losses suffered in three days of wild selling on concerns over a global recession.

The bounce was broad. Around 85% of STOXX 600 .STOXX constituents were flashing green, and positive signs were also prevailing across sub-sectors and country benchmarks.

Minor losses for defensive and bond proxy plays such as telecoms .SXKP, utilities .SX6P and real estate .SX86P which had suffered less from the tariff turmoil.

Banks .SX7P were a touch lower too. Travel stocks .SXTP and aerospace and defence plays .SXPARO were the strongest gainers, up 2.5% and over 3% respectively.

Uncertainty however remained high, keeping a gauge of euro zone equity volatility .V2TX elevated, near 45 points, retreating just slight from the 3-year peak hit the day before.

Here is your opening snapshot:

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: BOUNCE FROM 14-MONTH LOWS CLICK HERE

RAY OF HOPE OR FALSE DAWN FOR MARKETS? CLICK HERE