• Major stock indices in Europe show a positive trend

Market news

22 November 2016

Major stock indices in Europe show a positive trend

Stock indices in Europe are approaching the record highs in nearly a month, on the background mining and energy sectors rally.

The composite index of the largest companies in the region Stoxx Europe 600 rose 0.7% to 342.43 points.

Shares of mining corporations BHP Billiton and Anglo American rose 4.4%, Rio Tinto and Glencore - more than 3%.

BP shares price increased by 1%, Royal Dutch Shell +0,9%, Total +3%. Brent crude oil increased by 0.6% - to $ 49.2 per barrel.

Enel shares (+ 4%) rose after the company announced cost-cutting and asset sales by 3 billion euros.

British De La Rue, the largest producer of banknotes in the world, rose by 1.6% due to positive expectations.

Shares of Lufthansa lost 0.5% on news that the airline pilots plan to go on strike on Wednesday for what may follow the cancellation of hundreds of flights.

Compass Group shares show one of the worst perfomance in FTSE 100 falling by 4.2% despite an increase in profit for the fiscal year.

At the moment:

FTSE 6845.16 67.20 0.99%

DAX 10742.37 57.24 0.54%

CAC 4562.10 32.52 0.72%

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