Tuesday, June 19, 2012

European stock markets rally 2% on stimulus hopes

Trading screens

European stock markets rallied nearly 2% on Tuesday afternoon, buoyed by hopes of US central bank stimulus measures, falling UK inflation and positive company results.

The FTSE 100 rose more than 2% at some points during the afternoon, but ended the day 1.81% up at 5,590.62.

In Germany, the Dax index rose 1.78% to 6,359.72, while in France, the Cac 40 index climbed 1.55% to 3,113.81.

And Spain's Ibex 35 index soared 2.67% to 6,693.9.



Source & Image : BBC

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