Saturday, 24 November 2012

Stocks up as German and French business confidence improves

Stocks finished the week up on Friday, with European shares in particular posting their best weekly gain so far this year after rising for a fifth day.

Positive European economic data on Friday contributed to the gains.

In Germany, the Ifo business climate index rose to 101.4 in November from 100.0 in October.

In France, Insee's manufacturing sentiment index rose to 88 in November from 85 in October.

In Italy, retail sales rose 0.1 percent in September.

And in the UK, the British Bankers' Association reported that mortgage approvals increased to 33,039 in October from 31,544 in September.

No comments:

Post a Comment