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3 Aug 2015
European stocks ignore Greek plunge, rise for a fifth day
FXStreet (Mumbai) - European stocks rose for the fifth day, ignoring the sharp fall in Greek equities, tracking the similar resilience shown by the manufacturing activity across the Eurozone amid Greek crisis.
The Stoxx Europe 600 Index rose 0.5 percent to trade within touching distance from 400.00. The index was up almost 0.8% after the final PMI numbers for Germany and Eurozone manufacturing activity expanded more than estimated. The stock markets across Europe ignored the sharp drop in Greek equities; down almost 30% at one point.
Commodity shares take hit
Commodity shares across the Eurozone are down after the gauge of manufacturing activity in China printed a multimonth lows. Among 19 Stoxx 600 groups, commodity scrips fell the most, with Anglo American Plc and Glencore Plc falling more than 2.8%.
Among the regional indices, the German DAX and France’s CAC are up more than 0.7%. The London’s Ftse is trading moderately weak amid losses in the commodity shares.
The Stoxx Europe 600 Index rose 0.5 percent to trade within touching distance from 400.00. The index was up almost 0.8% after the final PMI numbers for Germany and Eurozone manufacturing activity expanded more than estimated. The stock markets across Europe ignored the sharp drop in Greek equities; down almost 30% at one point.
Commodity shares take hit
Commodity shares across the Eurozone are down after the gauge of manufacturing activity in China printed a multimonth lows. Among 19 Stoxx 600 groups, commodity scrips fell the most, with Anglo American Plc and Glencore Plc falling more than 2.8%.
Among the regional indices, the German DAX and France’s CAC are up more than 0.7%. The London’s Ftse is trading moderately weak amid losses in the commodity shares.