European stocks advance, DAX gains 2%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - European stocks rallied from the 10-week lows as a minor rise in oil prices triggered a technical recovery in the oversold stocks.

    At the time of writing, the pan-European Euro Stoxx 600 index advanced 1.6% at 355.22 levels. Among the regional indices, Germany’s DAX was up 2.13%, while France’s CAC was up 2.18%. The UK’s FTSE had gained 1.5%.

    Shares in Germany’s E.ON SE and RWE AG ST advanced 4.3% and 4.06% respectively. Shares in UK’s Aveva, the British engineering software company, dropped 36% after the company abandoned deal talks with Schneider electric. Germany’s Dialog shares dropped 8% as the company announced forecast cut on weaker mobile revenue.
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