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European stocks see relief rally

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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.
    For more information, read our latest forex news.
     

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