European stocks rebound, DAX leads the show

January 12, 2016

The European indices stage a solid comeback from three-month lows, with the recovery led by the German stocks on the back of heavy gains seen in the auto sector.

Europe tracks China stocks as well as oil price recovery

The stocks on the European bourses tracked the recovery seen in the Chinese equities. Most major Chinese indices closed in the green after huge losses booked the day earlier. Moreover, the rebound in the oil prices from around $ 30.50 also helped lift the market sentiment and boosted the energy and resource stocks.

The gains in the auto sector supported the bounce in the stocks, with Volkswagen and BMW both climbed around 3%, while Daimler added 2.4%. While the French carmaker Peugeot jumped 4.76% after reporting solid world-wide sales growth for last year, lifted mainly by strong demand in Europe.

Germany's DAX 30 index rallies 2.09% to 10,048, while the UK's FTSE 100 index gains 1.09% to 5,935. Among other European indices, the French CAC 40 index jumps 2.02% to 4,399, while the pan-European Euro Stoxx 50 index is up 1.44% to 3,081.

Publication source
HYCM information  HYCM reviews

October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...
October 25, 2016
Fed speech, flash PMI push dollar to a fresh 8-month high
Marking the final day of Fed speeches ahead of the one-week blackout period starting today, FOMC voting member, Bullard said that December was most likely for a rate hike...
October 25, 2016
M&A activities drove equities, focus shifts to earnings
Equity markets began the week on a positive note with M&A activities, positive earnings, and better than expected manufacturing data from the Eurozone and U.S. all boosting appetite to risk...

FXCM Rating
HYCM Rating
Tickmill Rating
Grand Capital Rating
FXTM Rating
OctaFX Rating

OptionFair Rating
EZTrader Rating
Banc De Binary Rating
OptionBit Rating
Beeoptions Rating
TropicalTrade Rating