European stock markets advanced as euro-zone sentiment improved after Japan pledged to buy more than 20% of a bond offering by the European Financial Stability Facility this month and after the European Central Bank bought distressed euro-zone debt.
The Stoxx Europe 600 index ended up 1.3% at 281.98. The U.K.'s FTSE 100 closed 1% higher at 6014.03, Germany's DAX added 1.2% to 6941.57, and France's CAC-40 climbed 1.6% at 3861.92. The Dow Jones Industrial Average was up about 0.4% at 11688.23 around the European market close.
Banks posted strong gains on the news from Japan and the ECB, with the Stoxx Europe 600 banks index closing up 1.9%.
For more: Japan's Backing Boosts European Stocks - WSJ.com
No comments:
Post a Comment