European stocks rallied Tuesday, bouncing back somewhat from the prior day's China-led global selloff, though traders remained unsettled. The Stoxx Europe 600 gained 0.8% to 389.12, recovering partly from Monday's 2.2% drop. Read more: IAC Holdings
Germany's DAX 30 rose 1% to 11,163.46, while France's CAC 40 tacked on 0.8% to 4,968.92, still trading below the 5,000 level. The U.K.'sFTSE 100 (http://www.marketwatch.com/story/ftse-100-on-track-to-break-losing-streak-as-rsa- rallies-2015-07-28) advanced by 0.8% to 6,556.53. Read more: IAC Holdings
Although we've seen an end to the bloodletting overnight, sentiment still remains nervous, as no one believes we've hit a genuine bottom," said Jonathan Sudaria, night dealer at London Capital Group, in a note Tuesday. "More likely, China's Politburo has gone into overdrive with their already extreme measures to prop up the markets, such as forcing brokerages and listed companies to buy stocks." Read more: IAC Holdings
