European shares rise in early trading led by commodity companies

2016-10-11 12:23:51 GMT (
European shares rise in early trading led by commodity companies

European stocks rose on Monday morning dealings in the first week's sessions, after suffering a fourth weekly loss over the past five weeks, led the rises commodities companies , and a decline in the banking sector and the descent of Deutsche Bank shares.



The Dow Jones Stoxx Europe 600 index rose 0.3 percent by 10:38 pm GMT, the index suffered a weekly loss last week was the fourth during the last five weeks, due to the banking sector losses, in addition to the news about the ECB's thinking to end monetary stimulus program early .



Commodity companies were the biggest gainer among all companies on the Dow Jones Stoxx Europe index, supported by rising commodity and metal prices in global markets, and shares of Glencore and BHP Billiton climbed.



And the banking and financial sector fell with the decline in shares of Deutsche Bank by 1.8 percent after the German newspaper Bild reported that the bank's talks with the US Department of Justice regarding the settlement of the securities backed by mortgage still ongoing, the newspaper reported that CEO of the bank is not able yet to reach a final agreement at a meeting in Washington.



Futures for the S & P 500 rose 0.1 percent, and the index Finished Friday session on Wall Street, down by 0.3 percent after lower than expected the new jobs in the US economy during September.



As for the most important European markets indices euros Stoke 50 index rose 0.3 percent, and France's CAC 40 index climbed 0.3 percent, and in Germany's DAX index gained 0.5 percent, and in London FTSE 100 rose 0.2 percent.

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