A number of key sectors helped European shares post impressive gains
Stock markets in Europe extended their gains on Tuesday despite choppy early-session trading. Major benchmarks were supported by the banking, mining and retail sectors, which enjoyed a strong day. The pan-European STOXX 600 added more than 1.5% nearing the end of session. Other major indexes, including the German DAX 30, French CAC 40 and UK FTSE 100, all rose 1-2%.
Greece was the only exception among European markets with more than 1% in declines. The Greek banking sector retreated ahead of the upcoming meeting of EU finance ministers on Wednesday, where the country’s economic adjustment program will be reviewed following a series of delays and disagreements. As of this writing, crude oil gained nearly 0.5% to trade at $48.31 a barrel as investors expect a reduction in tomorrow’s U.S. oil supply report.
This week’s major economic data releases continue today’s U.S. oil supplies data. UK GDP data will be published on Thursday, followed by U.S. durable goods later in the day. The week will conclude with U.S. GDP and comments from the Federal Reserve’s Janet Yellen on Friday. For the most important binary options news, stay updated with OptionsClick, the top binary options trading broker.
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