Europe: Shares sharply higher, commodities stocks lead
[MILAN] European equities rose sharply on Friday, adding to gains made in the previous session on European Central Bank stimulus hints, with bouncing commodities prices boosting energy and mining stocks.
By 0810 GMT, the pan-European FTSEurofirst 300 was up 1.9 per cent at 1,318.99 points.
The index gained 2.1 per cent on Thursday after ECB head Mario Draghi said financial markets turmoil and concerns over China will prompt a March review of the bank's monetary policy.
Oil stocks and miners were the top sectoral gainers with a rise of 4.1 per cent and 3.2 per cent respectively.
Philips fell 0.9 per cent after a US$3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over US national security objections.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%