European markets rejoice global rally

August 27, 2015

European indices rebounded sharply on Thursday as renewed optimism hit the markets following the US and Asian stocks rally. Stocks in Asia rallied on Thursday, with the closely-watched Shanghai Composite index jumping 5.34% at the market close after a huge sell-off recently, boosted by the latest steps from the Chinese central bank.

The central bank cut the RRR by 50 basis points, and slashed both the deposit and lending rates by 25 basis points in response to the latest huge market sell-off.

Germany’s benchmark, the DAX was the biggest gainer so far as the broadly weaker euro continued to boost the exports stocks higher. Shares of German healthcare company Fresenius climbed 5.63% after the company said it will raise the dividend payout for this year by over 20%.

Germany's DAX 30 index rallies over 3% at 10,302 while the UK benchmark FTSE 100 is up 2.34% at 6,120. Among the other indices, the French CAC 40 index is up 3% and trades at 4,636, and the pan-European Euro Stoxx 50 advances nearly 3% at 3,269. 

Publication source
OctaFX information  OctaFX reviews

September 29, 2016
OPEC blinks
Yesterday decision by OPEC to restrict oil supply has pushed the price of crude higher by some 5%. The move took the markets by surprise, with the divisions between Iran (who are still enjoying their return to global markets)...
September 29, 2016
Gold weighed down by US data
The gold price is down for a second straight day today as investors await a raft of data from the US this week which may decide the question of an interest rate hike...
September 29, 2016
Informal OPEC meeting seizes limelight
Global stocks were chaotic on Tuesday with most equities vibrating between losses and gains as the mixture of anticipation ahead of OPEC - informal meeting and ongoing discussions over the results of the first presidential debate created explosive levels of volatility...

FOREX.com Rating
FIBO Group Rating
Tickmill Rating
FXTM Rating
HotForex Rating
OctaFX Rating

Beeoptions Rating
OptionRally Rating
Grand Option Rating
Porter Finance Rating
Empire Option Rating
TropicalTrade Rating