European shares advance after China rate reduction

Note: This section contains information in English only.
Source: Marketwatch
European equities rose on Thursday after China unexpectedly announced it reduced its benchmark borrowing costs by 25bp. Stoxx 600 Europe gained 1.1%, British FTSE 100 added 1.2% and German DAX improved by 0.8%. French CAC 40 index climbed 0.4% and IBEX 35 advanced 0.3% after Spain successfully sold 10-year bonds.
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Fri, 08 Jun 2012 07:39:28 GMT

Oil approaches longest weekly loss in 13 years

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