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Thursday April 05, 2012 - www.knowledgetoactionnews.com - Established 2004
European shares bounce back despite global issues
Chinese shares jumped by 1.7 per cent while the FTSEurofirst 300 index rose by 0.3 per cent.
Investors hoping to learn the stock market may be interested to learn that some global markets have rebounded slightly today (April 4th) despite widespread concern over the fragility of the economic situation in Europe.However, global stocks fell by over one per cent and the price of gold dropped to its lowest level for up to three months, Reuters reports.
Will Hedden, sales trader at IG Index, said European stocks reached a level yesterday where investors traditionally begin to buy and predicted a rise from 0.5 per cent to 0.8 per cent over the course of the day.
"We are seeing investors positioning themselves in what was sold off yesterday like the miners and the financials," he added.
The euro fell back yesterday after a lack of demand for Spanish debt at auction spooked investors and sparked concern that Europe could slide back towards crisis.
Posted by Greg Secker
- Knowledge to Action News05-04-2012
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