(MENAFN– ecpulse)
European stock trading witnessed dramatic final hours in the final session in the month, with indices that earlier fell 0.5% and 0.75% rebounding to close higher in a surge of last-minute buying.
- Stoxx 600 advanced 0.28 percent or 0.73 points to 342.00 , erasing a decline of as much as 0.4% in the final 30 minutes of trading.
The benchmark fell 0.7% yesterday as evidence by NATO showed Russian troops have made in incursion into Eastern Ukraine.
Even though, the pan-European benchmark notched a 1.5% weekly gain and a 1.8% monthly gain.
The volume of shares changing hands in Stoxx 600-listed companies was 4.2 percent greater than the average of the last 30 days, according to data compiled by Bloomberg.
- Stoxx 50 advanced 0.26% or 8.19 points to 3172.63
Shares also found some support on speculation whether weak inflation could trigger faster easing policies from the European Central bank.
The euro zone`s annual rate of inflation fell to 0.3% in August from 0.4% in July. That is a far cry from the European Central Bank`s medium-term target of inflation just under 2%.
The continued decline in inflation has added to expectations that the ECB will be forced to take more aggressive action to boost the region`s economic recovery.
-The British FTSE 100 advanced 0.20% or 13.95 points to 6819.75
-The French CAC 40 advanced 0.34% or 15.00 points to 4381.04
-Frankfurt’s DAX 30 advanced 0.08% or 7.61 points to 9470.17
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