European stocks rose with the benchmark Stoxx Europe 600 Index rebounding from its biggest drop in 19 months. Markets in Helsinki and Stockholm are closed today for the Midsummer’s Eve public holiday.
Rio Tinto Plc and Antofagasta Plc gained more than 1% as copper prices increased.
Bayer AG added 1.7% after Goldman Sachs Group Inc. recommended buying the shares.
The Stoxx 600 climbed 0.8% to 285.95. The equity benchmark
is still heading for its fifth weekly decline, the longest streak of
weekly losses in two years after the Federal Reserve said it may end
bond purchases next year if the economy strengthens in line with
forecasts.
Accordoing to experts' opinion, the Fed has more confidence
in the momentum of the economy, there’s more distance between us and
the financial crisis, and now is the right time to just start thinking
about the normalization of policy. It’s trying to change market
psychology to be more reliant on the real economy and on the outlook for
company earnings.
Equities may have bigger swings today as futures and options expire
in a process known as triple witching. The number of shares changing
hands in Stoxx 600-listed companies was 47% higher than the average of
the past 30 days.
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