Saturday, November 29, 2014   

European equities rebound
(04-24 19:13)

European stock markets rebounded on Thursday as traders reacted to a string of earnings updates, data pointing to further easing of eurozone economic strains, and fresh takeover speculation.
Indices won a boost in particular from well-received profits news from Apple and Facebook on Wednesday following the close of trading on Wall Street, analysts said, AFP reports.
The euro gained against the dollar, aided by upbeat German business confidence.
London's benchmark FTSE 100 index rose 0.64 percent to stand at 6,717.71 points in late morning deals.
Frankfurt's DAX 30 climbed 0.76 percent to 9,616.75 points, with data revealing that German business confidence rebounded this month, after a slight fall in March in Europe's biggest economy when companies worried about the Crimea crisis.
The CAC 40 in Paris advanced 0.91 percent to 4,491.48 points compared with Wednesday's closing level.
And in Madrid, the IBEX 35 gained 0.78 percent to 10,505.6 points after Spain's central bank said the country's economy grew at the fastest pace for six years in the first quarter of 2014.
European stock markets had closed lower on Wednesday, shrugging off strong eurozone data as concerns about the Chinese economy prompted traders to take profits after a three-day winning streak.   
Other Business breaking news:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

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