👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European shares rise to 15-month high as reflation rally resumes

Published 16/03/2017, 07:29 pm
© Reuters.  European shares rise to 15-month high as reflation rally resumes
FCHI
-
AEX
-
DE40
-
LHAG
-
RENA
-
VED
-
AAL
-
BHPB
-
RRS
-
ANTO
-
FRES
-
STOXX
-
SX7P
-
SXPP
-
SX7E
-

LONDON, March 16 (Reuters) - European shares hit their highest level in 15 months on Thursday, with basic resource and banking stocks rising after the U.S. Fed raised rates and Dutch centre-right Prime Minister Mark Rutte won elections in the Netherlands.

The pan-European STOXX 600 .STOXX index hit its highest level since December 2015, last up 0.5 percent. Amsterdam's AEX .AEX hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX .GDAXI and France's CAC 40 .FCHI hit their highest levels since mid-2015.

Dutch centre-right Prime Minister Mark Rutte scored a resounding victory over anti-Islam and anti-EU Geert Wilders in an election on Wednesday. American AAL.L was the top European gainer after Indian billionaire and Vedanta Resources VED.L majority shareholder Anil Agarwal said he would buy a stake of up to 2 billion pounds in the miner. led Europe's basic resource stocks .SXPP higher, the top sectoral gainers, up 3.5 percent.

Antofagasta ANTO.L , Fresnillo FRES.L , BHP Billiton BLT.L and Randgold Resources RRS.L were in the top gainers, up 4.4 to 5.7 percent.

Lufthansa LHAG.DE was among top gainers, up 5.1 percent after its results, despite the German airline saying profits were set to dip in 2017 on rising fuel costs. stocks .SX7P gained after the U.S. Federal Reserve raised interest rates. The Eurozone banking index .SX7E was up 1.7 percent.

Renault RENA.PA was the top faller, after the French carmaker's CEO Carlos Ghosn was targeted in a French diesel cheating probe.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.