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31.08.2012 10:15

European stocks rise ahead of Bernanke

European stocks rose, and if this trend will continue until the close of the session Stoxx Europe 600 Index will record its third consecutive monthly rooted. Now the attention of market participants focused on the speech today by Federal Reserve Chairman Ben Bernanke. At the same time, Asian shares fell and U.S. index futures rose.

Shares of Hermes International SCA (RMS) increased by 1% after the maker of bags Birkin & Kelly raised the target for sales this year on the back of that profit in the first half of the year rose more than expected.

Bankia SA shares have risen by 2.2%, due to the fact that Spain said it was considering the recapitalization of the country's largest lender nationalized by their own means.

Stoxx 600 added 0.3 percent to 265.78 at 9:39 am in London.

European stocks continue to move to the 0.8% drop from the previous week amid signs that the global economic growth is slowing, and the Spanish region of Catalonia asked for funding from central government.

Index MSCI Asia Pacific (MXAP) fell 0.6%, while contracts for Standard & Poor500 index added 0.3% today.

To date:

FTSE 100 5,729.16 +9.71 +0.17%

CAC 40 3,399.79 +20.68 +0.61%

DAX 6,931.84 +36.35 +0.53%

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