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Monday, April 14, 2014

European Stocks Advance After Worst Week in a Month; Miners Gain

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:07 PM No comments


European stocks pared earlier losses and rebounded from their worst week in a month, led by a rally in miners, while investors weighed violence in Ukraine.
A gauge of basic-resources companies in the region climbed 1.9 percent, with Polymetal International Plc gaining 4.7 percent and Randgold Resources Ltd. adding 3.6 percent. ThromboGenics NV surged 17 percent after people familiar with the matter said Novartis AG and Shire Plc are among drugmakers weighing offers for the Belgian eye-medicine company. PSA Peugeot Citroen slid 6.3 percent after saying it will cut its model lineup by almost half.
The Stoxx Europe 600 Index gained 0.3 percent to 329.79 at the close in London, paring earlier declines of as much as 1 percent. The gauge lost 3.1 percent last week.
Europe™s VStoxx Index, a gauge of Euro Stoxx 50 Index options prices, rose 1.1 percent to 18.5 today, the highest level since March 24.

Sumber: Bloomberg

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