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European Shares Top Five-Year Highs as Periphery Rally Continues

European shares top five-year highs as periphery rally continues (Reuters)

European shares reached a new 5-1/2 year high today as a third weekly gain for Portuguese and Spanish bonds fed improved sentiment in the region’s Mediterranean rim. Lackluster results from some of Wall Street’s big names on Thursday had sapped investors’ mood overnight, but Europe’s budding recovery offered a bit of countervailing optimism. After another week of steady progress, European shares were on the ascent again as they climbed 0.5 percent. London’s FTSE, Paris’s CAC 40 and Frankfurt’s Dax all made gains, and bourses in Portugal, Italy and Spain continued their rise to leave the region heading for its fourth week of gains in the past five weeks. European markets clearly are on the upswing.

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European shares reached a new 5-1/2 year high today as a third weekly gain for Portuguese and Spanish bonds fed improved sentiment in the region's Mediterranean rim.

archive

European Shares Top Five-Year Highs as Periphery Rally Continues

European shares reached a new 5-1/2 year high today as a third weekly gain for Portuguese and Spanish bonds fed improved sentiment in the region’s Mediterranean rim.

European shares top five-year highs as periphery rally continues (Reuters)

European shares reached a new 5-1/2 year high today as a third weekly gain for Portuguese and Spanish bonds fed improved sentiment in the region’s Mediterranean rim. Lackluster results from some of Wall Street’s big names on Thursday had sapped investors’ mood overnight, but Europe’s budding recovery offered a bit of countervailing optimism. After another week of steady progress, European shares were on the ascent again as they climbed 0.5 percent. London’s FTSE, Paris’s CAC 40 and Frankfurt’s Dax all made gains, and bourses in Portugal, Italy and Spain continued their rise to leave the region heading for its fourth week of gains in the past five weeks. European markets clearly are on the upswing.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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