European shares traded sharply higher on Tuesday as buying
was fueled by corporate earnings and reports that the European Central
Bank (ECB) would provide extra liquidity in the near future.
Banks and shares in peripheral countries led the rally, offering investors some much-needed relief as consistent selling from last week bled into yesterday's close.
Investors were also buoyed by reports from Reuters - citing sources - which said that the ECB could begin buying corporate bonds in the secondary debt markets from as soon as this December. Both the Spanish and Italian markets rallied to close more than 2 percent higher.
Banks and shares in peripheral countries led the rally, offering investors some much-needed relief as consistent selling from last week bled into yesterday's close.
Investors were also buoyed by reports from Reuters - citing sources - which said that the ECB could begin buying corporate bonds in the secondary debt markets from as soon as this December. Both the Spanish and Italian markets rallied to close more than 2 percent higher.
Read More: Europe shares rally on ECB stimulus hopes
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