International markets, notably European stocks, led the charge on Wednesday after the previous session’s sharp selling, with higher commodity prices and the earnings season supporting gains. Investors can also use exchange traded funds to capture these international moves.
European miners strengthened on the rising commodity prices, as traders grow more optimistic over the global economic recovery, Reuters reports.
Additionally, Eurozone business activity accelerated in last month as the region’s services industry adapted to the new lockdowns and returned to growth.
“Data shows the vaccine run-rate in Europe is now picking up rapidly, European macro data is improving and the Q1 earnings season suggests corporates are able to deal with higher input costs,” UBS analysts said in a note, according to Reuters.
An upbeat first quarter earnings season has also helped fueled the risk-on optimism. European earnings are projected to jump 83.1% for the first…