News Column

European stocks rise

August 22, 2014



PARIS, Shawwal 25, 1435, August 21, 2014, SPA -- European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch, Reuters reported.



At 1115 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,352.52 points, reaching a level not seen since late July.



The FTSEurofirst 300 had lost as much as 7 percent between late June and early August, hurt by worries the Ukrainian conflict and tensions between the West and Moscow could derail Europe's fragile economic recovery and hit corporate results.

--SPA

15:19 LOCAL TIME 12:19 GMT



All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info).


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Source: Saudi Press Agency (Saudi Arabia)


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