FXStreet (Mumbai) – The pan-European Euro Stoxx 600 index; currently at 384.15; is attempting to close at its highest since August 18.
The stock markets in Europe opened on a positive note and extended gains on hopes of more ECB easing. At the time of writing, the Stoxx 600 index was up 0.80%. The blue chip Stoxx 50 index was up 1.0%.
Among regional indices, Germany’s DAX was the leader with 1.2% gains. France’s CAC and London’s FTSE were up 1% and 0.685 respectively.
Shares in Germany’s Infineon Technologies AG gained more than 13% and pulled up the index. The German chip maker said quarterly profit almost doubled, helped by recently acquired International Rectifier.
(Market News Provided by FXstreet)