European shares extend gains to a two-week high as global economic worries ease

European shares rose on Tuesday, extending gains for a third straight session, the highest level in two weeks as fears of a global economic slowdown eased after positive data in the US and China, with strong gains on US stocks on Wall Street.

The Dow Jones Stoxx Europe 600 rose 0.3% to 10:55 GMT, hitting its highest level in two weeks. The index ended yesterday's session up 1.2%, its second consecutive daily gain, with its biggest daily gain in a month and a half, after a strong rally For automakers and core resources.

The index rose 11% over the first quarter of this year, posting its biggest quarterly gain in four years, with high sentiment as the US and China continued to make significant progress in trade talks, with major European companies and banks achieving positive results in the quarter. Last year.

The Stoxx Europe Index rose Tuesday morning to continue its third session in a row, hitting its highest level in two weeks, with most of the major exchanges and sectors in the Green Zone.

S & P 500 futures rose by more than 0.1%. The index ended yesterday's session on Wall Street, up 1.2%, its third straight daily gain, hitting its highest level in six months.

The global economic recession has eased after positive data in the United States and China, the world's two largest economies, showed data that the US manufacturing sector grew better than expected in March, and in China, factory activity unexpectedly increased in March for the first time in the last four months .

Banking and financial companies in Europe gained strongly, driven by Sweden Bank's rise of more than 6% after Swedish authorities announced they would not investigate the money laundering claims filed by investor Bill Broder.

Euro Stoke 50 rose by 0.35%. In France, the CAC 40 index rose 0.35%. In Germany, the DAX added 0.5%.

In London, the FTSE 100 rose 0.7 percent to top the gainers list in Europe after the British parliament failed on Monday evening to win a majority for any proposed replacement of Prime Minister Teresa Mae's deal on the country's breakaway from the European Union.

The United Kingdom now has about two weeks to decide what it will do to move forward with its break-up from the European Union or risk leaving the union on April 12 without an agreement.


Popular posts from this blog

FOREX-Dollar drops after U.S. retail data suggests economic slowdown

E&O posts 3Q net loss on forex loss, holding cost

FOREX-Euro's bounce fades as focus shifts back to economy, ECB policy