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European Stocks. First hour: European indices recover
European indices recouped yesterday's losses caused by political concerns in Greece - Greek sahres posted the biggest drop in 27 years. Markets were under pressure after the after Prime Minister Antonis Samaras announced bringing forward a parliamentary vote on a new head of state on December 17th. Markets were further weighed down by China's decision to set new restrictions on collateral for short-term loans The FTSE 100 index is currently trading +0.49% quoted at 6,561.23 points, Germany's DAX 30 jumped+1% at 9,892.02 and France's CAC 40 added +0.86%, currently trading at 4,300.58 points. France's Industrial production declined -0.8% in October. Analysts predicted a gain of 0.2%. Non-Farm Payrolls declined by -0.3% compared to a -0.2% forecast.
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