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European stocks rally, eye 2-month high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Commodity producers and banking stocks advanced on Monday, pushing the European equities higher with regional benchmark eyeing 2-month high.

    At the time of writing, Stoxx 50 was up 1%. Germany’s DAX was up 1.6% even though regional elections held in Germany over the weekend resulted in a defeat for Chancellor Merkel’s party. Meanwhile, UK’s FTSE and France’s CAC was up 0.5% each. Stoxx 600 index was up 0.50% as well.

    Shares in UK’s Glencore were up 4.2%. France’s ArcelorMittal and Antofagasta were trading higher as well. Swiss Aryzta shares retreated more than 7% on forecast for 'erratic' revenue growth.
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