Home
Investment
Top Stories
Foreign Markets
European open: Shares continue surge
Mon, 01 Dec, 2008
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Press Round Up
Press Tips
Broker Tips
Director Dealings
Stocks to Watch
Hot / Cold Sectors
Week Ahead
Foreign Markets
European open: Shares continue surge
Tue, 14 Oct 2008, 09:07:00
European shares have continued yesterday's rally and are posting big gains as banks continue to surge.<br /><br />Yesterday's announcement of bail-out packages by various governments across Europe gave the banking sector a much needed boost. The sector is continuing to rise on the back of the news, with Societe Generale, UBS and BNP Paribas all up.<br /><br />Spain's biggest lender Banco Santander has offered $1.9bn to buy the remaining stake in US-based savings and loan firm Sovereign Bancorp.<br /><br />Meanwhile, Belgian firm Fortis will receive €14.4bn from the sale of assets to the Belgian and Dutch governments and BNP Paribas SA.<br /><br />Across the markets, the German DAX is up 232 points to 5295 with the French CAC up 186 points to 3717.<br /><br />German wind turbine maker Nordex is up following an upgrade from UBS to 'neutral' from 'sell'.<br /><br />The rise in crude prices is also giving oil and energy stocks such as Royal Dutch Shell, ENI and Total a lift.
©2004-2006 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact
