The Latest: Relief as European markets eke out gains


LONDON (AP) — The Latest on the turmoil that’s afflicting global financial markets (all times local):

9:35 a.m.

Stock markets in Europe have managed to eke out some gains despite an earlier slide in Japan’s main index, the latest in a series of dramatic moves in global financial markets.

Having started in the red, European shares pushed higher and the Stoxx 50 index of leading European shares was up 0.7 percent at 2,584. Most of Europe’s main indexes were trading higher.

Earlier, Japan’s main Nikkei 225 stock average ended 5.4 percent lower as renewed jitters about the global economy set off a wave of selling in banking stocks.

Investors around the world are worrying about a number of issues, including the fall in the price of oil to multi-year lows, the scale of the slowdown in China and whether many parts of the global economy will fall back into recession and suffer a debilitating period of deflation, or falling prices.

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