European stocks rise to 6-week high on strong German data

2019-09-09 13:52:54 GMT (Economies.com)
European stocks rise to 6-week high on strong German data

European stocks opened higher today, extending gains for the fourth consecutive session to a 6-week high, as the German market surged on strong exports data, while London's stocks exchange fell unlike the uptrend in Europe, ahead of an emergency session in the British Parliament.

 

As of 10:35 GMT, stoxx Europe 600 Index rose by 0.1%, to the highest level since July 1st, while the index closed higher by 0.2%, its third straight daily gain, while it gained 1.7% during last week, after the US-China trade war fears eased.

 

While the index opened higher today, to extend its gains for the fourth consecutive session to a 6-week high, with most of the European markets and sectors surging.

 

In Germany, the DAX rose by 0.3% the highest gainer in Europe, on strong exports data in July.

 

Berlin's exports rose 0.7% in July, contrary to experts' expectations for a 0.5% decline. Exports fell 0.1% in June, easing fears of a recession in the euro zone's largest economy.

 

Germany's exports rose by 0.7%, beating forecasts of a drop by 0.5%, vs. a drop by 0.1% in June, which eased the market's concerns about a recession in the German economy.

 

S&P 500 futures rose by 0.2%, the highest level since August 1st, ahead of Wall Street opening, while it closed higher by 0.1% on Friday.

 

Euro Stoxx 50 rose by 0.1%, France's CAC 40 rose by 0.1%.

 

London's FTSE 100 fell by 0.6%, due to an emergency session of the British parliament, which will be held this evening in an attempt to force PM Boris Johnson to abide by a new law that would force him to seek to extend the Brexit deadline if no agreement is reached with EU before October 31st.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
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