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European stocks rise, Credit Suisse shares tank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The stock markets across Europe advanced on Thursday following a positive action on the Wall Street and uptick in the Asian stocks.

    At the time of writing, the pan-European Euro Stoxx 50 index was up 0.80%. Germany’s DAX and France’s CAC were up 0.30% each. Meanwhile, the mining-heavy UK’s FTSE index was up 1.4%.

    Shares in Credit Suisse dropped 12% after the lender posted a pre-tax loss for last year. Shares in UK’s Vodafone were trading mildly higher after the telecom company reported a 1.4% rise in third-quarter revenue.

    The risk-on in the equities in Europe and across the globe largely appears due to increased prospects of a delay in the Fed rate hike after Fed’s Dudley expressed concerns regarding global economic and market downturn.
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