European Stocks Rise for Second Day
Stock markets across Europe rose for the second day on the back of rally in energy shares and drug makers.
At
the time of writing, Stoxx 50 index was up 0.10%. Germany’s DAX and
France’s CAC were up 0.20% and 0.36% respectively. UK’s mining heavy
FTSE was up 0.25% as well.
Norway’s Subsea 7 was up 4.88% and
was the top gainer among Stoxx 600 index, which traded 0.22% higher on
the day. Other major winners were Anglo American, BHP Billiton and
Tullow oil.
Meanwhile, losing side included names like UK’s
Pearson, Germany’s Daimler. Europe’s benchmark index recovered yesterday
from its lowest level in almost six weeks, led by health-care
companies.
(Market News Provided by FXstreet)
