LONDON: London’s benchmark FTSE 100 index closed up 0.02 per cent to 6,731.14 points and the Paris CAC 40 index gained 0.32 per cent to 4,382.31 compared with Monday’s close.
Frankfurt’s DAX 30 rose 0.77 per cent to 9,861.21 points, as official data confirmed that the German economy grew 0.1 per cent in the third quarter, narrowly avoiding a recession.
European Central Bank chief Mario Draghi last week signaled readiness to act quickly to deter deflation, sparking fresh stimulus hopes.
The comments, combined with China’s surprise rate cut, gave markets a shot in the arm on Friday and have continued to boost share prices.
“Stocks in Europe have been on a rip since Mario Draghi twice mentioned the prospects of further monetary easing in the euro zone last week and continued higher today” with the latest German data, according to Jasper Lawler, an analyst at CMC.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
