European stocks are trying to end the longest series of daily loss since June with the support of Siemens gains and the rise of commodities firms

Economies.com
2016-09-15 10:49AM UTC

European stocks rose on Thursday morning dealings on the way to end the longest series of daily loss since last June, with the support of a wide gains for shares of Siemens and the continued rise of commodities firms.

 

 

The Dow Jones Stoxx Europe 600 index rose 0.3 percent by 9:53 am GMT, yesterday's session the index closed down 0.1 percent, the fifth straight daily loss, among the longest series of daily loss since last June.

 

 

Siemens shares rose 2.5 percent to be the largest in the Dow Jones Stoxx Europe 600 index gainer, after the company's CEO said that the financial year ending this month's earnings surpassed estimates.

 

 

Commodities firms continued to rise for the second consecutive session, and BHP Billiton, and Glencore shares added one percent at least, supported by the recovery in commodities prices in the global markets.

 

 

Futures to the S & P 500 rose 0.3 percent, and the index closed yesterday's session on Wall Street down less than 0.1 percent in the second daily loss in a row, due to the continuing decline in the energy sector, affected by oil prices exacerbated losses.

 

 

As for the most important European markets indicators euros Stoke 50 index rose 0.3 percent, and France's CAC 40 index climbed 0.2 percent, and Germany's DAX index rose 0.3 percent, and in London FTSE 100 rose 0.2 percent.

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