CAC,FTSE and DAX ended on a good note
Strong earnings, positive macro data and hopes that the Greece is closer to a bailout deal prompting investors to return to equities, took the European equities like CAC , FTSE and DAX to end up on a good note. Financial Stocks were the top gainers yesterday. Giuseppe-Guido Amato, strategist at Lang & Schwarz in Frankfurt said: "Good company figures are helping the market. Underlying macro-economic data is positive and if you have declining share prices, then you get good valuations."
Britain's top share FTSE index rose on Thursday, lifted by consensus beating results from UK corporates and as anxiety over the euro zone's debt crisis reduced.
Britain's FTSE 100 closed up 31.23 points at 5,617.84 & Germany's DAX ended the day down 2.6 & 2.7 respectively, while the French CAC ended the day 3.8 percent lower.
|