Friday, 19 October 2018
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European Stocks Bounce Back After Global Rout; German DAX Rallies 1.2%
Friday, 12 October 2018 14:25 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European stocks bounced back on Friday morning, with global sentiment turning more positive after two sessions of sharp losses.

The pan-European Euro Stoxx 600 index was up by 0.7 percent at 362.71 in early deals, with technology and autos seeing the strongest gains. The German DAX rose 1.2 percent with a broad based rally across all major bourses in the region.

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday's session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund about risks to global economic growth.

Source : CNBC

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