Sunday, August 30, 2015   

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:
Greece swears in caretaker cabinet (08-28 23:00)
US stocks lower at the open (08-28 21:45)
UBS pays penalty for disregarding bans on a terrorist’s deals (08-28 21:20)
US personal incomes and spending rise at modest rate (08-28 21:03)
Oil prices drop to US$42.35 (08-28 20:50)
Bank of China and AgBank report marginal earnings growth (08-28 19:25)
UK reports 0.7pc second quarter growth (08-28 18:31)
Shanghai stocks rally 4.8pc at close, Hang Seng gives up gains (08-28 16:25)
Dow leaps 200 points at open (08-27 22:34)
US reports broad-based 3.7pc growth sparked by consumer spending and business investment (08-27 22:05)

More breaking news >>

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