GLOBAL MARKET NEWS - EUROPEAN MARKET
European shares are set to surge on Monday as a
European shares are set to surge on Monday as a
narrow election victory for Greece's pro-bailout parties over radical leftists
eased some immediate concerns about the debt-laden country leaving the euro
zone, with cyclical stocks like banks seen rising sharply.
Futures for Euro STOXX 50, Germany's DAX and France's CAC
rose 1.6-2.1 percent. Financial spreadbetters earlier predicted London's
FTSE to open as much as 1.2 percent higher, although the potential
longevity of the rally was already being questioned by some analysts.
Greek shares slumped 25 percent last month and the FTSEurofirst 300
index of top European shares fell 6.7 percent on worries an exit of
Greece from the currency bloc would destabilise markets, fuel contagion to Spain and Italy and hurt companies exposed to the region, especially banks.
No comments:
Post a Comment