European Markets Bounce Back After Volatile Trading
European Markets Bounce Back After Volatile Trading

European markets are rising Thursday on the heels of a chaotic day on Japan’s benchmark Nikkei index hours earlier.

At midday, London’s benchmark FTSE index is up 0.9%, the CAC-40 index is 0.8% higher and the DAX index has gained 0.1%.

Trading was halted early Thursday on the Nikkei, the world’s third-largest stock market, due to a glitch in its electronic trading system.  The Japan Exchange Group, which operates the Nikkei, said the malfunction was due to a hardware failure in the system’s backup device.  The company says it hopes to have the problem fixed and the Nikkei back up and running again Friday.

People are reflected on a blank electronic stock board supposedly showing Japan's Nikkei 225 index at a securities firm…
Asian Markets Higher Amid Trading Chaos in Japan
Benchmark Nikkei index shut down Thursday due to mechanical failure; indices in South Korea and China closed for national holidays

Elsewhere in Asia, the S&P/ASX index in Sydney closed up 0.9%, and Taipei's TSEC index was 0.3% higher.  Mumbai’s Sensex is up 1.6% in late afternoon trading.  

The indices in Seoul, Hong Kong and Shanghai were closed due to national holidays in South Korea and mainland China.   

In commodities trading, gold is selling at $1,902.30 per ounce, up 0.3%.  U.S. crude oil is selling at $39.85 an barrel, down 0.9%, and Brent crude oil is selling at $40.91 per barrel, down 0.1%.

All three major U.S. indices are trending positively in futures trading before the opening bell sounds on Wall Street.