subject: European stocks positive on strong global cues [print this page] Sweetening world stocks influenced major markets across the globe including the European markets with the benchmark Stoxx 600 index gaining up to 0.6% on Monday. British Insurance N.V. and BP Plc stocks booked profits as the British Insurance N.V. rallied 4.8% after the news of Apollo Global Management and CVC Capital Partners Ltd joining hands to make a lucrative offer to British Insurance Company.
BP Plc stocks jumped 1.6% higher on the benchmark index as ceasing of its Macondo well operation in the Mexico Gulf received confirmation. Federal Reserve's verdict on monetary policy will determine growth of the most European futures on Tuesday.
In the view of the private equity firms, the factor of investor confidence plays a dominant role in determining the growth of the stock markets. European investors being more confident about the global growth avenues and their positive reaction on the macro-economic developments led the markets to a rallying point.
The mid-term profits look stronger as per the analysts forecast with investors willing to buy riskier assets. The S&P 500 index rose by 0.5% on Tuesday, while the MCSI Asia-Pacific index advanced by 0.4%.
However, most stocks in the Greece, Ireland and Portugal markets turned red in the earlier session. Germany's DAX 30 index rose by 1.4% on tech shares, while the CAC-40 Paris index was 0.8% higher on Monday.
On Monday, NBER (The National Bureau of Economic Research) declared the ending of the US recession on better-than-expected profits in the housing sector. Stock markets across the globe sighed with a relief on the news and bounced backed with the spark that was very much a need of the time.
The Dow Jones industrial average (+1.4%), the S&P500 (+1.5%) while Nasdaq (+1.7%). Growing US stocks positively impacted the Asian markets other than the European and British markets.
European stocks positive on strong global cues
By: White Digital Media
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