European stocks rise on interest rate optimism, focus on UK election

The pan-European STOXX 600 index gained 0.6 percent to its highest level in a week. Britain’s FTSE 100 advanced 0.8 percent, waiting to see what majority Labour could secure.

European stock markets rose on Thursday amid optimism over U.S. interest rate cuts.after weak economic data, while London markets rose on the day of UK General Election The Labor Party is expected to achieve a historic victory.

European Index The Stoxx 600 index rose 0.6%. I reached him Maximum in a week. British The FTSE 100 index advanced 0.8%. Waiting to see what majority Labour can get.

“The result in the UK, which is widely expected to be a Labour victory, will not have much impact unless there is a surprise or major upset result, as markets may have already priced in.” Bas van Geffen of Rabobank said.

French stocks advance for second day in a row, up 0.8% Amid intense efforts by opponents of the National Rally to prevent the far-right party from coming to power in France.

The European banking sub-index, which includes French lenders such as Shares of Societe Generale and BNP Paribas rose 1.3%, leading sectoral gains.

March UK Early Election

The Labour Party could return to power after 14 years.

The Labour Party could return to power after 14 years.

Courtesy: BBC

Among the individual values British Smith & Nephew shares rose 6.8%. After activist investor Cevian Capital disclosed a 5% stake in the medical equipment maker.

French Pluxee shares fell 9.2% after the coupon company The data showed weaker-than-expected third-quarter sales in Europe the day before.

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