European stocks end session weekend performance amid positive confidence data
European shares ended the session at the end of the week high amid optimism about the improvement in the Chinese economy next to readings of confidence in the euro zone, which showed growth levels of trust, and do not forget the British data, along with the focus of the Ukrainian situation.
Start with the levels of confidence in the euro zone, which rose to its highest level in three years, where were read business climate index in the euro area during the March to show a rise to 0.39 from the previous reading of 0.37, which was amended 0:36 and the actual reading came higher than expectations of 0.38, while on consumer confidence showed a final reading of the index value of -9.3 identical to the previous reading.
To that recorded economic data for other euro zone countries where the index positive reading came congruent or better than expectations, which reported a final reading of GDP in Britain to confirm growth during the fourth quarter of last year by 0.7%.
Turning to China, which revolves optimism around about its economy after the prime minister told the Chinese that confidence is still present in the achievement of China's growth rates within a reasonable and logical, taking into account the risks and difficulties faced by other countries in the Asian region, which could adversely affect the growth.
He also noted the Chinese premier also said China has a policy in dealing with cash reserves, enabling it to overcome any crisis in liquidity to support this continued growth.
At the close , the euro zone index ended green, STOXX 50 index ended up by 1.23% to close at 3172.43 points, while the benchmark index for Europe STOXX 600 rose 0.71% to trade at 333.76 points.
As for the key indicators has concluded its as follows:
French CAC40 index: conclude its higher by 0.74% or by 32.20 points to close at 4411.26 points.
German DAX: the main index showed German shares rose by 1.44% or by 135.98 points to close at 9587.19 points.
FTSE100 index of Britain: British index ended up by its 27.26 points, or 0.41% to 6615.58 points, up at.
Comments
Post a Comment