Bursa Alert
Global Market
NewsEurope Roundup: Fourth day up
Page 1 of 1
Europe Roundup: Fourth day up
by hlk Sat 23 Jul 2011, 11:42
LONDON: European shares rose for a fourth day yesterday after
Greece's new rescue package buoyed banking stocks and strategists said
low price-earnings multiples could underpin the market longer-term
despite residual unease about eurozone debt levels.
At 1111 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.7 percent at 1,110.88 points.
"It's a temporary relief rally. The package doesn't solve Greece's
immediate problems - the problem is just parked for the moment," said
Julian Wentzel, head of research at Macquarie. - Reuters
Greece's new rescue package buoyed banking stocks and strategists said
low price-earnings multiples could underpin the market longer-term
despite residual unease about eurozone debt levels.
At 1111 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.7 percent at 1,110.88 points.
"It's a temporary relief rally. The package doesn't solve Greece's
immediate problems - the problem is just parked for the moment," said
Julian Wentzel, head of research at Macquarie. - Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Europe Roundup: 10-month low
» Europe Roundup: One-week low
» Europe Roundup: Down sharply
» Europe Roundup: Losses deepen
» Europe Roundup: Shares slump
» Europe Roundup: One-week low
» Europe Roundup: Down sharply
» Europe Roundup: Losses deepen
» Europe Roundup: Shares slump
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|