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- Major stock indexes in Europe on the rise
Major stock indexes in Europe on the rise
European stocks rise moderately aided by increasing optimism about global growth prospects, as well as reports about the imminent launch of additional stimulus measures in Japan.
Today, Japanese Prime Minister Shinzo Abe said the government is preparing to take measures to stimulate the economy. Abe said that on July 12, he intends to instruct the Minister to prepare a comprehensive economic revival of measures to remedy the situation. The need for measures to stimulate the Japanese economy has been discussed for a long time, but all were waiting for the results of upper house elections, which took place this Sunday. Shinzo Abe was leading the ruling coalition who received two thirds of the seats, and the same number they already have in the lower house.
The composite index of the largest companies in the region Stoxx Europe 600 increased 0.7%.
Shares of mining companies led the growth among the 19 industry groups, aided by the increase in Glencore Plc quotes and ArcelorMittal up 4.5% and 5.8% respectively.
Shares of LafargeHolcim Ltd increased by 2.5% after agreeing the sale of Indian business for the production of building materials Nirma Ltd. for about $ 1.4 billion.
Airbus Group SE has risen 3% after people familiar with the matter said that the company is ready to win an order for 100 aircraft from AirAsia Bhd.
Cerillion Plc shares jumped 7.4%. The software provider announced the signing of a contract in amount of 2.1 million pounds.
At the moment:
FTSE 6,627.36 +36.72 + 0.56%
CAC 4,220.43 +29.75 + 0.71%
DAX 9,736.58 +106.92 + 1.11%
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