European markets higher amid earnings; Fresenius Medical Care tanks 15%

Stateside, U.S. stocks jumped more than 2 percent in the previous session, following stronger-than-anticipated earnings reports from major companies including Goldman Sachs and Netflix. The news helped Wall Street’s three major indexes register their biggest one-day percentage gains since March.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, rose around 0.7 percent on Wednesday.

Back in Europe, investors are expected to closely monitor a crunch EU summit in Belgium later. U.K. Prime Minister Theresa May is likely to urge other EU leaders to give ground on the issue of the Irish border when she address them in Brussels on Wednesday.

The post-Brexit status of the Irish border remains a sticking point for negotiators, with both sides unable to agree on how to avoid a so-called hard border when Britain leaves the EU on 29 March next year.

Ahead of the summit, European Council President Donald Tusk said there were “no grounds for optimism” over a Brexit deal.

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