Monday, July 26, 2010

European markets jump higher, banking sector weighs


Forex Special
(Barcelona) - Euro-shares were dragged higher in early trading on Monday, as braver investors eyed on bid higher after the stress tests shrank pessimism, giving way to increase the support towards the banks, today's best performing sector so far.

The rise was further buoyed by investor's positive attitude to push prices higher overnight in Asia and in Wall Street earlier on Friday. The upside scope for potential gains seems to have widened, unblocked by the reassurance the vast majority of banks are well prepared to deal with any severe economic meltdown.

In the UK, the FTSE-100 rose 0.23% after BNP Paribas, Barclays and Societe Generale all climbed beyond 2%. In France, the CAC-40 jumped 0.30% while the German DAX was up 0.15%.

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