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.


15:19 LOCAL TIME 12:19 GMT

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Source: Saudi Press Agency (Saudi Arabia)

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