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european stocks 400LONDON: European stock markets soared Wednesday, making a bright start on the first trading day of 2013, as investors welcomed news that the United States has clinched a deal to avert the so-called fiscal cliff.

 

In opening trade, London's FTSE 100 index of top companies jumped 1.28 percent at 5,973.07 points, Frankfurt's DAX 30 index won 1.01 percent to 7,689.46 points and in Paris the CAC 40 rallied 1.73 percent to 3,703.97.

 

"It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting through a package of policies designed to avoid the immediate fiscal cliff," said ETX Capital trader Joe Rundle.

 

"Financial markets have responded accordingly with Asian shares performing strongly and European markets posting sharp gains in the first trading day of 2013 and US markets are likely to react in the same fashion."

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln