Just in:  

You are here: Home»Markets»Equity»Europe»European shares mount fresh attack on 2012 highs

european stocks 400LONDON: European stocks rose early on Wednesday, tracking gains overnight in Asia and approaching fresh 2012 highs, after comments from China's new leader boosted global growth expectations and fuelled a rally in commodity stocks.


By 0805 GMT, the FTSEurofirst 300 was up 4.27 points, at 0.4 percent at 1,125.52 with the year's closing high of 1,128.65 firmly in its sights.


Basic resource stocks and oils were good gainers after Chinese Communist Party chief Xi Jinping said the country will ensure stable economic growth, sparking a sharp rally in Chinese shares with the Shanghai Composite Index surging 2.9 percent.


"There was positive news out of China as well as Ping An sale confirmed by HSBC. The miners are rallying following stronger commodities and at least for now we head higher and can put the 'fiscal cliff' on the back burner for the time being," Jawaid Asfar, trader at SecurEquity, said.


Europe's largest bank HSBC gained 0.7 percent after A conglomerate controlled by Thailand's richest man, Dhanin Chearavanont, has bought a minority stake in China's Ping An Insurance for $9.38 billion from global bank HSBC.

Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln