| Crude prices took FTSE,DAX high |
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gnutrade.satya
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| Crude prices took FTSE,DAX high |
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Banking stocks and firm crude prices took European Shares like FTSE, DAX to end on higher note. Geoff Wilkinson, head of investment research at Mint said: "The news from the United States has generally been quite encouraging on the jobs front. It seems to have been enough to have drawn a lot of people into the market who were waiting for some confirmation of further activity."
Mic Mills, senior trader at ETX Capital said: "Wall Street came in with some early gains and stirred the FTSE from an earlier torpor late afternoon. But aside from strength in heavyweight commodity issues there really looks to be little underlying the advance and with new multi-month peaks being struck, investors might start to find the air getting a bit rarified at these levels."
Dax, a German stock rose when former European Commission President Romano Prodi said: "the worst of Greece’s financial crisis is over and other European nations won’t follow in its path." UK’s FTSE 100, France’s CAC 40 and the Germany’s DAX ended up between 0.7 to 0.9 percent higher.
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Thu Mar 11, 2010 11:57 am |
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