Asian and European stocks were higher Thursday after U.S. shares rose for the fourth day. The FTSE 100 index of leading British shares was up 1.6 percent, at 4,219.53, while Germany's DAX was 1.8 percent, higher at 4,643.99. The CAC-40 in France was 1.8 percent, higher at 3,226.89.
Banks across Europe were doing particularly well, with Standard Chartered PLC, Deutsche Bank AG, UBS AG and Societe Generale SA rising between 3.5 percent and 8 percent, while heavyweight energy stocks such as BP PLC, Royal Dutch Shell and Total SA firmed following Wednesday's 8 percent rally in the price of oil.
The rise in European and Asian markets came after Wall Street reversed early losses to end up in the black.
No comments:
Post a Comment