TELETRADER News
8/15/2016, 5:54 PM (Source: TeleTrader)
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European stocks see modest gains

Stocks in the markets across in Europe finished slightly higher on Monday, fighting off concerns about economy after Japanese GDP was flat, while some exchanges were closed for public holiday.

The pan-European Stoxx 600 closed up 0.19% and the Euronext 100 added 0.13%.

In Germany, the DAX index rose 0.34% as Heidelbergcement added 2.01%. Volkswagen, BMW and Daimler rose around 1% each. Lufthansa landed 2.27% lower.

The French CAC 40 edged up 0.09% with Renault and Peugeot both up 1.01%. Bouygues rose 0.92% while Orange fell 0.96%.

In London, the FTSE 100 rose 0.52%. Paddy Power Betfair rose 2.30% and Hikma was up 2.15%. Berkeley lost 1.81%, Tesco was down 1.68%.

The Italian FTSE MIB index added 0.17% with industrial stocks as the best performers.

Oil prices contributed to gains: Brent rose 1.88% to $48.82 a barrel and WTI was up 1.96% to $46.27 a barrel at ICE Futures Europe at 5:32 p.m. CET.

The euro strengthened 0.65% against the British pound, and was up 0.30% versus the U.S. dollar. It was just 0.02% lower compared to the Swiss franc, but gained 0.13% against the Japanese yen at 5:46 p.m. CET.

Baha Breaking News (BBN) / ZR