European stocks ended a six-session losing streak helped by improved U.S. trade data and the rise of American stocks in Wall Street.
The Stoxx Europe 600 index took a gain of 1% to 271.76. The U.K.’s FTSE 100 index gained 0.82% and closed at 5,856.34. Germany's DAX jumped 1.4% to 7159.66, France's CAC 40 index rose 1.1% to 3878.65, and Swiss’ SSMI index rose 0.23% to 6,271.01.
On currency market, EURUSD dropped sharply after European Central Bank announced to leave its key rate stayed at 1.25%. GBPUSD also plunged after Bank of England took the same decision on its key rate and keeping it at 0.5%.
Meanwhile on commodity market, oil futures rose to one-week high as OPEC failed to agree on output quotas. On the other side, copper fell to one-week low as rising global interest rates may reduce the use of copper worldwide.
See full article at: http://profitbursier.ro/en/EUROPEAN-...-09,-2011.html
The Stoxx Europe 600 index took a gain of 1% to 271.76. The U.K.’s FTSE 100 index gained 0.82% and closed at 5,856.34. Germany's DAX jumped 1.4% to 7159.66, France's CAC 40 index rose 1.1% to 3878.65, and Swiss’ SSMI index rose 0.23% to 6,271.01.
On currency market, EURUSD dropped sharply after European Central Bank announced to leave its key rate stayed at 1.25%. GBPUSD also plunged after Bank of England took the same decision on its key rate and keeping it at 0.5%.
Meanwhile on commodity market, oil futures rose to one-week high as OPEC failed to agree on output quotas. On the other side, copper fell to one-week low as rising global interest rates may reduce the use of copper worldwide.
See full article at: http://profitbursier.ro/en/EUROPEAN-...-09,-2011.html