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Banks push European stocks rise after obtaining cheap funding
European shares rose on Thursday, boosted by positive economic data from the United States and at banks that have benefited from cheap funding by the European Central Bank.
The FTSEurofirst 300 shares of leading European and one percent to close according to final data at 980.89 points. But trading volume was thin and experts have warned against over-optimism in this movement.
Shares of banks, the euro area 2.1 per cent after the markets considered more positive for 523 banks over loans, low cost $ 490 billion euros for three years from the European Central Bank on Wednesday.
Said Ian King, head of global equities at Legal & General, which manages assets worth 356 billion pounds (555 billion dollars), "Some banks can earn some money by borrowing cheaply and lending at higher prices .. for this we have seen banks are doing well. And the participation of many banks show that there is nothing wrong in that. "
The number of U.S. workers filing new applications for unemployment benefits on the government last week to its lowest level in three and a half years, which enhances say that the U.S. economy is gaining momentum despite a downward revision of growth in the third quarter of the year.
Across Europe, both up FTSE 100 British and the German DAX 1. Percent, while the CAC 40 French 1.4 percent.
The benchmark Aapeix Spanish one percent and the index of me. S. Any Portuguese 1.4 percent and the FTSE 1.4 percent Miep Italian as well.
European shares rose on Thursday, boosted by positive economic data from the United States and at banks that have benefited from cheap funding by the European Central Bank.
The FTSEurofirst 300 shares of leading European and one percent to close according to final data at 980.89 points. But trading volume was thin and experts have warned against over-optimism in this movement.
Shares of banks, the euro area 2.1 per cent after the markets considered more positive for 523 banks over loans, low cost $ 490 billion euros for three years from the European Central Bank on Wednesday.
Said Ian King, head of global equities at Legal & General, which manages assets worth 356 billion pounds (555 billion dollars), "Some banks can earn some money by borrowing cheaply and lending at higher prices .. for this we have seen banks are doing well. And the participation of many banks show that there is nothing wrong in that. "
The number of U.S. workers filing new applications for unemployment benefits on the government last week to its lowest level in three and a half years, which enhances say that the U.S. economy is gaining momentum despite a downward revision of growth in the third quarter of the year.
Across Europe, both up FTSE 100 British and the German DAX 1. Percent, while the CAC 40 French 1.4 percent.
The benchmark Aapeix Spanish one percent and the index of me. S. Any Portuguese 1.4 percent and the FTSE 1.4 percent Miep Italian as well.
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