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Europe Roundup: Bourses rebound
by hlk Thu 11 Aug 2011, 07:47
LONDON: European stocks rallied yesterday after large gains in Asia and New York as the US Federal Reserve indicated that it would keep interest rates on hold near zero for two years.
At 1106 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.8 per cent at 955.88 points.
Approaching midday, London's benchmark FTSE 100 index was up 1.01 percent despite news that the Bank of England has downgraded its 2011 British economic growth forecast.
Elsewhere, Frankfurt rose 2.05 per cent and Paris gained 0.55 per cent while Milan slid 0.41 per cent and Madrid shed 0.04 per cent in volatile trade after the two markets recovered sharply in recent days. - Agencies
At 1106 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.8 per cent at 955.88 points.
Approaching midday, London's benchmark FTSE 100 index was up 1.01 percent despite news that the Bank of England has downgraded its 2011 British economic growth forecast.
Elsewhere, Frankfurt rose 2.05 per cent and Paris gained 0.55 per cent while Milan slid 0.41 per cent and Madrid shed 0.04 per cent in volatile trade after the two markets recovered sharply in recent days. - Agencies
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