European equity markets rally on morning trade

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

European security markets advanced rapidly on Wednesday as investors absorbed news of Italian PM's resignation after government approves cost reductions. In morning trade Stoxx Europe 600 index added 0.8% to 242.45, France's CAC-40 index edged up 0.9% reaching 3,171.14 while Germany's DAX 30 index jumped 1.2% climbing to 6,032.48 and U.K.'s FTSE 100 index increased 0.4% to 5,589. Italy's FTSE MIB index gained 0.6% to 15,751.

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Wed, 09 Nov 2011 10:41:53 GMT

Asia markets advance as China’s inflation retards and Berlusconi agrees to step down.

Asian equities experienced growth as investors became aware of Berlusconi's forthcoming resignation and China reported drop in inflation rate. Japan's Nikkei Stock Average edged up 1.2%, Shanghai Composite gained 0.8%, and Hang Seng Index advanced 1.7%, Australia's S&P/ASX 200 index increased 1.2% while South Korea's Kospi rose 0.2%.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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