European Stocks Rally on Tuesday
European shares finished sharply higher on Tuesday, with all sectors in positive territory and led by basic resources stocks, after Draghi’s comments saying the European Central Bank is ready to provide more stimulus if inflation doesn’t head back to its target. Trump’s tweet announcing a meeting with President Xi at the G-20 summit in Japan also boost sentiment. The DAX 30 surged 246 points, or 2% to 12,332; the FTSE 100 rose 86 points, or 1.2% to 7,443; the CAC 40 climbed 119 points, or 2.2% to 5,510; the IBEX 35 advanced 109 points, or 1.2% to 9,241 and the FTSE MIB jumped 507 points, or 2.5% to 21,134.
10 hours ago