Europe stocks gain on Moody's rating for Spain

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Source: Marketwatch
European stocks rose on Wednesday, lead by a surge in Spanish stocks after Moody's Investors Service confirmed the country's sovereign rating at Baa3, holding it out of junk level for now. The Stoxx Europe 600 added 0.1% to 274,75. The IBEX 35 soared 1.5% to 8,058.20, while the 10-year Spanish bond yield slid to 5.22%. The CAC 40 gained 0.4%, the FTSE 100 added 0.2% and the DAX 30 rose 0.1%.
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Wed, 17 Oct 2012 11:48:24 GMT

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