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Saturday 17 September 2016

Strong growth of stocks in Europe and US

On Thursday European stocks interrupted losing streak after soft US economic data underlined expectations, that interest rates in the largest economy in the world will remain at very low levels.
Stocks in Europe were traded on significantly higher levels as reported decline in retail sales last month passed each other significantly with the expected. Also, data showed that industrial production has shrunk in August.
Bank of England left interest rate unanimously unchanged, at the same time raised their expectations for growth in the third quarter to 0.3% compared to the previous one, which was 0.1%.
British FTSE100 index ended the session with a growth of 0.85%, closing at 6730.30 points.
German DAX30 index ended the session at 10,431.20 points, registering a growth of 0.51%.
Overseas, US stocks also recorded strong gains, after data suggested, that the Federal Reserve will remain passive in their desire to raise interest rates.
The broader index SP500 recorded daily increase of 1.01% closing at 2147.30 points.
Dow Jones Industrial Average closed at 18,212.48 points, which was an increase of 0.99%.
The largest daily growth recorded NASDAQ COMPISTE ending Thursday's session with a growth of 1.47% to 5249.69 points.


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