- European stocks close: FTSE 5,174 +44.63 +0.87%, CAC 2,895 +40.12 +1.41%, DAX 5,166 +94.03 +1.85%.
Market news
13 September 2011
European stocks close: FTSE 5,174 +44.63 +0.87%, CAC 2,895 +40.12 +1.41%, DAX 5,166 +94.03 +1.85%.
European stocks rose for the first time in three days, with the benchmark Stoxx Europe 600 Index rebounding from a two-year low, as banking shares advanced.
Today national benchmark indexes rose in every western-European market except Greece, Iceland and Norway.
Societe Generale SA and Deutsche Bank AG jumped more than 8 percent. Chief Executive Officer os Societe Generale said that the bank has sufficient capital and liquidity, and that its balance sheet is solid.
Deutsche Boerse AG jumped 3 percent after news that NYSE Euronext and Deutsche Boerse plan to make about 200 million euros, or half of the proposed cost cuts from their combination.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page