European
stocks rose the most in a week, reversing earlier losses, after Mario
Draghi said the European Central Banks expanded purchase program could
include government bonds.
The
Stoxx Europe 600 Index added 0.5 percent to 337.25 at the close of
trading in London, after earlier falling as much as 0.8 percent as Japan
unexpectedly slipped into a recession. The Stoxx 600 has rebounded 8.8
percent from this years low on Oct. 16 as the Bank of Japan unexpectedly
boosted its stimulus and most lenders in Europe passed capital-strength
tests.
Earlier,
European shares followed Asian stocks lower amid concern over the
strength of the global recovery after the report on Japans gross
domestic product.
The
nations economy, the worlds third largest, shrank an annualized 1.6
percent in the three months through September, following a revised slump
of 7.3 percent in the previous quarter. That missed projections for a
2.2 percent gain in the third quarter. The Bank of Japan holds its
monetary policy meeting this week. The MSCI Asia Pacific Index dropped
1.4 percent, with Japans Topix index slumping 2.5 percent.
Source: Bloomberg
0 komentar :
Post a Comment