European stocks continue to rise amid hopes about stimulus plans

2019-08-20 13:59:45 GMT (Economies.com)
European stocks continue to rise amid hopes about stimulus plans

European stocks opened higher today, to extend their gains for the third straight session, amid high hopes in the market, after reports about stimulus plans to support global economies, as well as Wall Street continuing to show strong performance .

 

As of 09:22 GMT, Stoxx Europe 600 rose by 0.1%, as it ended yesterday higher by 1.2%, in its second daily gain to continue its rebound from a 6-month low, drawing support from hopes about Germany stimulus plans.

 

The index opened higher today, extending gains for the third straight session, in addition to most of the European markets and sectors.

 

The healthcare sector led the rising sectors, rising by 0.7%, after AstraZeneca stock rose by 1.5%, after it published the final stages of its study of the diabetes treatment drug.

 

Most global stocks opened this week higher, after reports about stimulus plans to support global economies.

 

The People's Bank on Saturday announced an interest rate reform and a cut in corporate borrowing costs, to stimulate the economy.

 

While the German government expressed its readiness to stimulate the economy to face any future economic crisis.

 

S&P 500 futures rose more than 0.1%, as it ended yesterday in Wall Street session higher by 1.2%, its third daily gain.

 

Euro Stoxx 50 rose by 0.2%, while in France the CAC 40 rose by 0.1%, with Germany's DAX rising by 0.1%, and London's FTSE 100 rose by 0.4%.

 
 
 
  Symbol Last Change Chg.%
1.1023
0.0003
0.0266%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia