Shares in Europe rise in morning trading and attention on the central bank meeting

Economies.com
2016-09-07 10:02AM UTC

European stocks rose on Wednesday morning dealings after a weak data from Germany increased signs of the decline of the recovery of the European economy, which led the central bank to expand stimulus policies during its regular meeting on Thursday.

 

 

The Dow Jones Stoxx Europe 600 index rose 0.3 percent by 09:30 GMT, the index Finished yesterday's session lower by 0.3 percent within the corrections and profit taking After posting in the previous session its highest level since April last.

 

 

The Dow Jones Stoxx Europe 600 index rose 14 percent since the historic referendum in Britain on June 24, by the receding expectations of increasing US interest rates, and the decline of Britain's secession from the European Union concerns.

 

 

Data released today in Berlin showed German industrial production decline in July by 1.5 percent, the worst pace during the 23 months, in a negative sign for the recovery of the German economy, the biggest economy in the euro zone.

 

 

ECB meets tomorrow to discuss appropriate monetary policies for the developments in the European economy, and with the succession of weak data, recently released by the constituent sectors of the economy in Europe and inflation levels away from the central bank's target, the bank may widen the policy stimulus to support the economic recovery that controls the European economy stage for a long time and push it to the stage of sustainable growth.

 

 

Futures for the S & P 500 rose 0.1 percent, and the index closed yesterday's session on Wall Street, up by 0.3 percent after data showed the US services sector growth decline in August to its lowest level in six years, which reduced the prospect of raising US interest rates during the Bank meeting this month.

 

 

As for the most important European markets indices euros Stoke 50 index rose 0.4 percent, and France's CAC 40 index increased by 0.3 percent, and Germany's DAX index gained 0.4 percent, and in London FTSE 100 rose 0.2 percent.

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