European Stocks Recover from Multi-Month Lows

December 28, 2018
European Stocks Recover from Multi-Month Lows

By Investors Hub

European markets have moved to the upside on Friday, recovering from the multi-month lows recorded in the previous session. The markets have taken a positive lead from Wall Street, where stocks rebounded sharply on Thursday after an initial setback.

Although worries about global economic growth, the impact of a partial government shutdown in the US, and uncertainty about a US-China trade deal and Brexit continue to weigh on sentiment, traders are busy picking up shares ahead of the end of the year.

While the UK’s FTSE 100 Index has surged up by 2.2 percent, the French CAC 40 Index is up by 2 percent and the German DAX Index is up by 1.7 percent.

British American Tobacco, Capita, RBS, CRH, Dixons Carphone, Babcock International, BP and Mediclinic International are posting standout gains. Glencore, Old Mutual, Legal & General, Standard Chartered, Sage, Centrica, WPP, National Grid, Ashtead Group, Aviva and Micro Focus have also moved notably higher.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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