European stocks increase after German court approved ESM

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Source: Bloomberg

The major European stocks index Stoxx Europe 50 gained 0.98% to 2,582.84 on early London trading session. Index gained a second day after the top German court approved country's participation in Eurozone's bailout fund with certain conditions. This decision increased confidence in the market that governments will not let economies get worse.

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Wed, 12 Sep 2012 13:43:48 GMT

German court clears way for ESM Fund

German Federal Constitutional Court cleared the way for Eurozone rescue fund on Wednesday. The European Stability Mechanism of total value of the 500 billion euro aimed to provide financial assistance to Eurozone's countries in financial difficulty.  Moreover, German Court gave parliament veto powers over any future increases in the size of the fund.

Wed, 12 Sep 2012 09:41:47 GMT

European futures slightly up ahead German ruling

European stock futures were slightly positive as Euro Stoxx 50 index was up by 0.1% to 2,562 on late Asian trading hour. Investors keep positions on hold till German top constitutional court announce decision on the country's participation in the €500 billion Euro region bailout fund. The court announces its verdict at 10 a.m.

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