European stocks resume rally, Germany's DAX jumps to new record

2020-01-22 12:59:30 GMT (Economies.com)
European stocks resume rally, Germany's DAX jumps to new record

European stocks rose on Wednesday, to resume gains after taking a pause for 2 days on profit-taking, as the German DAX index jumped to its all-time highs, amid high confidence levels in the largest European economy and strong sentiment after China announced containment plans for the Coronavirus.

 

Stoxx Europe 600 rose 0.1% as of 10:50 GMT, after it closed lower by 0.1% yesterday, to post its second daily loss, on profit-taking from all-time highs hit of 424.90 points.

 

The index opened today's session higher, to head for the first daily dain in 3 days, as most of the major European exchanges and sectors fell today.

 

The financial services sector saw the largest gains in Europe today, with a rise of more than 0.6%, as the sector's shares advanced.

 

Most stock markets around the world rebounded today, after China announced containment plans for the Coronavirus to prevent its spread before becoming a global epidemic.

 

S&P 500 futures rose 0.5% today, after it closed lower by 0.3% yesterday at Wall Street, on profit-taking from the record high of 3,329.88 points.

 

Back to Europe, the Euro Stoxx 50 index added 0.1%, France's CAC 40 rose by 0.2%, and In London, the FTSE 100 index rose by 0.1%.

 

Germany's DAX jumped by 0.3%, to its all-time record high of 13,640.06 points, after data showed that German investors confidence rose in January to the highest since mid-2015.

 
 
 
  Symbol Last Change Chg.%
1.0973
0.0158
1.4605%
1.2867
-0.0081
0.6283%
Tadawul
7628.34
-82.78
1.07%
17.857
-0.636
3.442%
46.785
-6.548
12.278%
51.97
-1.55
2.90%
1651.155
7.510
0.457%
 
 
US
 
Europe
 
Asia