Market news
07.12.2016, 11:42

Major European stock indices trading in the green zone

European stocks rose a third straight session supported by mining companies and banks.

Investors expect the forthcoming meeting of the European Central Bank amid growing hopes for additional measures to stimulate the economy, and continue to move away from the Italian referendum results.

The markets are still recovering after Sunday Italian voters rejected constitutional changes proposed by the government, forcing the prime minister Renzi to resign.

However, there are signs that Italy will not hold early elections after the resignation of Renzi.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0,7%, to 347.12 points.

Shares of Rio Tinto rose 4.3% after Credit Suisse improved to "outperform" from "neutral."

Credit Suisse experts maintain a positive assessment for the companies of the mining sector, expecting the favorable trends in terms of demand "will continue to grow after the aggressive reduction of inventories of raw materials companies in 2014-2015".

Cost of Glencore shares jumped nearly 3%.

Capitalization of Royal Dutch Shell rose 1.2% on the information that the company will develop a major oil field in Iran.

Monte Paschi jumped today to 9,5%, UniCredit, Italy's largest bank, + 3%.

Shares of Credit Suisse Group rose by 4,3%, Deutsche Bank +3,2%, BNP Paribas +2.5%.

At the moment:

FTSE 6875.15 95.31 1.41%

DAX 10936.87 161.55 1.50%

CAC 4675.47 43.53 0.94%

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location