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15 May 2015
European stocks rise for the second day
FXStreet (Mumbai) - The European stock markets rose for the second day, with Stoxx Europe 600 Index climbing 0.4%, thereby trimming its weekly loss to 0.2%.
The Stoxx 600 rebounded in the previous session as the steelmakers rallied. Earlier this week, losses in the German markets dragged Stoxx index lower amid a stronger Euro and a rout in bond markets.
Among stocks, Coca-Cola HBC AG rose 3.6% after saying volumes increased in the first quarter. Shares in Stainless-steel maker Outokumpu Oyj advanced 3.9% after the European Union opened up the possibility of tariffs on foreign exporters. Roche Holding AG added 2.9%.
Markets including Switzerland, Denmark and Sweden re-opened after a holiday yesterday.
The Stoxx 600 rebounded in the previous session as the steelmakers rallied. Earlier this week, losses in the German markets dragged Stoxx index lower amid a stronger Euro and a rout in bond markets.
Among stocks, Coca-Cola HBC AG rose 3.6% after saying volumes increased in the first quarter. Shares in Stainless-steel maker Outokumpu Oyj advanced 3.9% after the European Union opened up the possibility of tariffs on foreign exporters. Roche Holding AG added 2.9%.
Markets including Switzerland, Denmark and Sweden re-opened after a holiday yesterday.