Markets

European stocks rise for a third straight session

2019-04-12 13:51:10 GMT (Economies.com)

The European stocks rose early on Friday in the last session of the week, continuing gains for the third session in a row, as market sentiment continued to rise, with the evaluation of the reported corporate earnings, and after the ECB announced further stimulus on the case of the eurozone economy continues to slow down. Whilst European leaders agreed to postpone the Brexit to the end of October.

 

Stoxx Europe 600 rose more than 0.1% at 08:50 GMT, as the index ended yesterday's session up 0.1% after French companies posted higher-than-expected earnings in the first quarter of this year.

 

Stoxx Europe (TMI) rose early on today's trading, continuing its gains for the third session in a row, with most of the major bourses and sectors in the Green Zone.

 

The European stocks achieved their third consecutive weekly gain, on the announcements of corporate earnings, after the ECB announced to take further stimulus if the euro-zone economy continues to slow down.

 

The European Central Bank (ECB) this week maintained its stance on flexible monetary policy, as the bank's governor, Mario Draghi,  suggested that more stimulus measures could be taken if the euro-zone economy continued to slow.

 

S&P 500 futures rose 0.5%, hitting a five-month high ahead of the opening of Wall Street's official trading session. The index ended yesterday's session flat with little change.

 

The Euro Stoxx 50 index gained more than 0.1%. while In France, the CAC 40 index gained 0.1% as Germany's DAX added more than 0.3%.

 

In London, the FTSE 100 rose 0.4% to top the gainers' list in Europe after the European leaders agreed at an emergency summit in Brussels on Wednesday to delay Britain's departure from the European Union (Brexit) to October 31.

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