European markets were rebounding from Monday's sharp losses. In London, the Financial Times-Stock Exchange 100 index was up 75.60 points, or 2.03%, to 3,797.40, led by Barclays and HBOS after a strong house prices report. BP and Shell Transport & Trading were both strong.
In France, the CAC 40 gained 51.11 points, or 1.84%, to 2,828.56. And in Germany, the DAX Index added 96.20 points, or 3.47%, to 2,865.23.
In Japan, the market finished lower. The Nikkei fell 221.03 points, or 2.36%, to close at 9162.26, led by bank shares. Stocks deepened losses in Tokyo Tuesday, hurt by worsening sentiment towards the bellwether U.S. economy and corporate earnings. Uncertainty about Japan's financial sector also weighed down the market, though market players were betting that the government would take more decisive actions to help stabilize the banking system.
In Hong Kong, the market was closed for National Day.