7 Dec 2015
European stocks see relief rally
FXStreet (Mumbai) - The stock markets in Europe advanced on Monday after the sharp sell-off on Thursday and Friday following the ECB’s disappointing stimulus announcement.
At the time of writing, the pan-European Euro Stoxx 600 index was 1.5% or 5.56 points higher to 376.15 levels. The blue chip Euro Stoxx 50 was up 1.66%. Among the regional indices, Germany’s DAX was up 1.7% and France’s CAC was up 1.58%. The UK’s FTSE had strengthened 0.6%.
Shares in the National Bank of Greece were up 8.59%, while Sweden’s Electrolux AB was down 12%. UK’s Petrofac and Tullow Oil were down 4.6% and 3.9% respectively.
Asian shares traded on a cautious note today as investors await Chinese economic data due later this week, which could show the world's second-largest economy is still sluggish.
At the time of writing, the pan-European Euro Stoxx 600 index was 1.5% or 5.56 points higher to 376.15 levels. The blue chip Euro Stoxx 50 was up 1.66%. Among the regional indices, Germany’s DAX was up 1.7% and France’s CAC was up 1.58%. The UK’s FTSE had strengthened 0.6%.
Shares in the National Bank of Greece were up 8.59%, while Sweden’s Electrolux AB was down 12%. UK’s Petrofac and Tullow Oil were down 4.6% and 3.9% respectively.
Asian shares traded on a cautious note today as investors await Chinese economic data due later this week, which could show the world's second-largest economy is still sluggish.