Bank Of Baku

US and European Stocks rise

US and European Stocks rise
# 17 August 2012 08:42 (UTC +04:00)
Baku – APA-Economics. The Dow Jones Industrial Average gained 0.7 per cent to 13,251 points in midday trading.

The broader S&P 500-stock index moved up 0.7 per cent to 1,416 points, while the tech-heavy Nasdaq index added 1.0 percent to 3,062 points.

European stock markets have posted gains amid light trading volumes, spurred by data that shows the US economy is pursuing its slow pace of recovery.

London’s benchmark FTSE 100 index of leading companies added just 0.03 per cent to 5,834.51 points on Thursday, but Frankfurt’s DAX 30 rose by 0.71 per cent to 6,996.29 points after briefly breaking above 7,000 points in intraday trades for the first time since April.

In Paris the CAC 40 gained 0.91 per cent to 3,480.49 points, its highest level since March 26.
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