Get breaking news alerts via email

Click here to manage your alerts
People walk past an electronic stock indicator in Tokyo, Tuesday, July 22, 2014. Asian shares rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. Japan's Nikkei 225 stock index added 0.8 percent to 15,343.28 as trading resumed after Monday's public holiday. (AP Photo/Shizuo Kambayashi)
World stocks rise as Ukraine plane tensions ease
Global markets » Solid U.S. earnings reports also boost traders in Europe and Asia.
First Published Jul 22 2014 08:52 am • Last Updated Jul 22 2014 11:15 am

Global stocks rallied Tuesday amid more solid U.S. earnings reports and as the bodies of those killed in the Malaysia Airlines crash reached Ukrainian government-controlled territory.

The crash of the jetliner, which cost the lives of all 298 on board, has been a major driver in financial markets over the past few days as traders fretted over a downward spiral in relations between the West and Russia.

Join the Discussion
Post a Comment

"Talk of a new Cold War was always rather excessive, but fears of a renewed freezing over in east-west relations have diminished today, on signs of co-operation in the investigative efforts in Ukraine," said Chris Beauchamp, market analyst at IG.

In Europe, Britain’s FTSE 100 closed up 1 percent to 6,795.34 while Germany’s DAX added 1.3 percent to 9,734.33. France’s CAC-40 gained 1.5 percent to 4,369.52.

In the U.S., the Dow Jones industrial average was up 0.4 percent at 17,116 while the broader S&P 500 index rose 0.6 percent to 1,985. Upbeat earnings from Comcast and Lockheed Martin helped the mood on Wall Street.

Earlier, stock markets in Southeast Asia were mostly higher, though Indonesian shares tumbled 1.7 percent to 5,039.59 as authorities prepared to release official results of the country’s hotly disputed presidential election.

Elsewhere in the region, Hong Kong’s Hang Seng added 1.6 percent to 23,748.72 by mid-afternoon as investors snapped up China property shares on expectations regional governments in China will move to shore up the troubled real estate sector. China’s Shanghai Composite Index rose 1 percent to 2,075.48.

Japan’s Nikkei 225 stock index added 0.8 percent to 15,343.28 as trading resumed after Monday’s public holiday. South Korea’s Kospi gained 0.5 percent to 2,028.93.

In the currency markets, euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia. The single currency fell a further 0.4 percent Tuesday to $1.3464, its lowest level since last November.

story continues below
story continues below

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.