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DirectEuropean equities rose more than 1.5% at close on Thursday, as investors turned to risky badets after rising bond yields.
Commodities in the core resource sector contributed significantly to gains in European equity markets, which rose about 2.3%.
The rise in European equities came as a result of the recovery of global markets in the face of rising government bond yields and positive economic data.
Official data in China revealed that exports had grown at the fastest pace since March.
Investors are watching the yuan, after the Chinese central bank today fixed its benchmark rate against the dollar at 7,0039 yuan, its lowest level since April 21, 2008.
European companies are still publishing their second quarter results and Adidas and Deutsche Telekom today announced the release of their second quarter financial report.
At closing, the Stoxx 600 index rose 1.6% to 376.6 points and the French CAC index of 2.3% to 5,387.9 points.
The British FTSE rose 1.2% to 7,285.9 points and the German DAX index rose 1.7% to 11,845.4 points.
Around 16:07 GMT, the euro is appreciated 0.1% against the dollar to reach 1.1210 USD.
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