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November 24, 2009

Commodities, banks boost European shares – Reuters- News

Filed under: Uncategorized — Tony Spann @ 4:33 am

LONDON, Nov 23 (Reuters) – European equities rose in early trade on Monday, snapping a four-day losing streak, with commodity stocks boosted by higher growth prospects in China and firmer crude CLc1 and metal prices. What you have got is a key Asian Pacific economy saying its growth is going to accelerate, which is good news for the global economy,” said Mike Lenhoff, strategist at Brewin Dolphin. Federal Reserve official James Bullard said the central bank should keep alive its mortgage-related assets purchase programme beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. read more

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