Comments
European shares rose in early trade on Friday, gaining ground for the seventh consecutive session, as investors cheered the European Central Bank’s decision to buy government bonds.
At 0806 GMT, the FTSEurofirst 300 index of top European shares was up 0.8 per cent at 1,464.69 points, a seven-year high.
Cyclical stocks such as carmakers featured among the biggest gainers again, with BMW up 2.3 per cent and PSA Peugeot Citroen up 2.2 per cent.
Renault Nissan Chief Executive Carlos Ghosn upgraded his European car market growth forecast after the ECB unveiled its QE programme. Ghosn told participants at the Davos World Economic Forum that he now expects Europe’s car market to grow by at least 2 per cent in 2015, against 1-2 per cent previously.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.