With just an hour and a half left in the trading day, it looks likely that stock markets in the U.S. will finally break their six-day losing streak. With the Dow Jones Industrials
In Europe, though, the jury's already in, and stocks there closed broadly higher. Although European markets were already somewhat higher based on China's news, the gains accelerated sharply when the U.S. markets opened. By the close, the FTSE 100
Even with today's gains, European stocks face plenty of uncertainty right now. Spain, for instance, continues to labor under high unemployment, and its banking system is under serious threat. Although banking stalwart Banco Santander
But arguably, investors are getting well compensated at present for those risks. Even telecom stocks France Telecom
Europe is a value opportunity waiting to happen. The worst may be yet to come, but at some point, the Continent will recover -- and investors will regret not having taken advantage of the situation while the getting was good.
Refresh and regroup
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of France Telecom. Motley Fool newsletter services have recommended buying shares of France Telecom. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.