While Wall Street remained closed and likely also to remain closed tomorrow European stock markets and the euro rebounded on Tuesday as investors cheered positive company earnings and reacted to news of thousands of job cuts at Swiss bank UBS, despite a lull in trading caused by the monster US storm Sandy.
London's FTSE 100 index of top companies rose by 0.77 percent to stand at 5,839.53 points in afternoon deals.
Frankfurt's DAX 30 won 0.91 percent to 7,268.50 points and in Paris the CAC 40 gained 1.31 percent to 3,453.58.
Madrid's IBEX 35 jumped 1.18 percent to 7,819.9 points despite data showing that the Spanish economy contracted by 0.3 percent in the third quarter.
Read more: European stocks rebound on positive earnings, UBS jub cuts
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