The stock
indices rallied to six-year high, boosted by mining shares. Mining stocks climbed
due to an update on market reforms in China.
The stock
indices were also supported by European Central Bank President Mario Draghi's
comments last week. Draghi said that the ECB could add new stimulus measures in
June to tackle low inflation. Increasing concerns over Ukraine had a negative
impact on markets. Pro-Russian separatists said that the referendum held in two
regions of eastern Ukraine proved successful. Both Ukrainian government and the
West condemned the vote.
Sky
Deutschland AG shares declined 9.6% after British Sky Broadcasting Group Plc announced
the company wants to acquire control of Sky Deutschland AG.
Indexes on the close:
Name Price Change Change %
FTSE
100 6,851.75 +37.18 +0.55%
DAX 9,702.46 +121.01 +1.26%
CAC 40 4,493.65 +16.37 +0.37%