(MENAFN– ecpulse)
European shares continued its gains within the closing session amid speculations of a ceasefire between Ukraine and Russian and possible stimulus by the European Central Bank.
The pace of tensions may ease in Ukraine as both Russia and Ukraine agreed on the steps needed for a truce.
“The Kremlin said on Wednesday President Vladimir Putin and Ukrainian leader Petro Poroshenko had agreed on steps towards peace in eastern Ukraine, even though a ceasefire had not been agreed between Moscow and Kiev because Russia is not a party to the conflict,” Reuters said.
On the other hand, expectations rose the ECB will introduce new stimulus tomorrow after a report showing euro area composite of manufacturing and services eased expansion in August.
The highest shares were for Nokian Renkaat as it advanced 6.05% to 25.70 EUR, while the biggest drop was recorded by Booker Group as its shares plummeted 5.84% to 127.40 GBP.
Accordingly:
- London`s FTSE 100 rose by 1.21% to 6873.58
- Paris`s CAC 40 climbed by 0.99% to 43.54
- Frankfurt`s DAX 30 gained by 1.26% to 9,626.49.
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