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European stocks rally for second day on ECB hopes

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The European stocks advanced for the second day on increased hopes of more ECB easing next week.

    Miners rally

    Mining stocks and Auto stocks rallied across the continent. The pan-European Euro Stoxx 600 index was up 0.4% at the time of writing.

    Shares in the UK’s Glencore advanced 3.6%, along with a 3% rise in Anglo American and 2.5% rise in Antofagasta. Germany’s RWE AG ST was up 2%, along with a 2.6% rise in the France’s Arcelor Mittal shares.

    The European benchmark had rallied 1.4% yesterday after the Reuters report said the ECB is considering a number of unconventional measures.
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