European Stocks Jump On Tokyo Stimulus, UK Growth
Sumaira FH Published July 27, 2016 | 05:04 PM
LONDON, (UrduPoint / Pakistan Point News - 27th july,2016) - European and Japanese shares rallied Wednesday after Tokyo launched a massive stimulus package, with sentiment buoyed also by accelerating British economic growth and upbeat company results. Traders were meanwhile awaiting the US Federal Reserve's latest interest rate decision and accompanying statement. London stocks rose 0.
5 percent as data showed the British economy grew by 0.6 percent in the second quarter, after 0.4 percent expansion in the previous three months, despite Brexit fears. In the eurozone, Frankfurt stocks won 0.8 percent and Paris was jolted 1.5 percent higher. "Talk of fiscal stimulus in Japan, data showing stronger-than-forecast UK economic growth and mostly better than expected corporate earnings offset Fed jitters in Wednesday trading," said CMC Markets analyst Jasper Lawler.