The European market remained green as stocks traded at a positive territory in midday, after the People’s Bank of China (PBOC) stated it would monitor money-market rates and lead them to reasonable levels.
The European Euro Stoxx 50 climbed 1.34% to 2.545.50 at 11:50am GMT, while Vinci gained 3.70% .Germany’s DAX rose 1.50% to 7,807.70 at the same time, as Daimler fell to a low 0.58%.
In France the French CAC 40 rose 1.48% to 3,648.30 at 11:50am GMT, while Alstom fell 3.37 higher and carmaker Renault surged 5.36% while rivals Peugeot soared 5.46%.
In italy, UniCredit fell 0.64%, while the energy group E.ON lowered to 0.57%.
The UK’s FTSE 100 gained 1.04% to 6,091.80 at the same time, as Experian climbed 4.15%. ARM Holdings rose 4.03%.
In Italy, the retail sales fell 0.1% on a monthly basis since April, as retail sales slid 2.9% after the previous revised fall of 3.2%, according to the National Institute of Statistics.
The roman government held an auction of new zero-coupon bonds maturing in 2015 at a high yield of 2.403%.Italy raised 3.5 billion euros, in line with the maximum target.
In Asia , the Deputy Director of the central bank’s Shanghai branch Ling Tao, announced that the People’s Bank of China (PBOC) will be observe and keep the money market at a reasonable level.
However, Ling did not hint what the central bank consider a reasonable level but he did state that the central bank would be flexible with managing the interbank liquidity.
The Shanghai’s repurchase agreement rate opened at 5.73% on Tuesday, which rose to a high 7.63% in the morning. The Shanghai benchmark index closed at 5.3% on Monday , lowest in four years while investors fears over banking crises in the country. The index closed at a low 0.18% on Tuesday.
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