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27 May 2015
European stocks end three-day losing streak
FXStreet (Mumbai) - European stocks advanced on Wednesday, thereby snapping the three-day losing streak.
The Stoxx Europe 600 Index added 0.3 percent to 404.68. The index was up 0.5% earlier. The shares fell int he previous three session after Fed chairwoman Yellen on Friday indicated a rate hike this year.
Among stocks, IAG climbed 1.4% after getting approval from the Irish government to proceed with its EUR 1.4 billion (USD 1.53 billion) takeover of Aer Lingus Group Plc.
Other gainers include, Europe’s third-largest insurer Assicurazioni Generali SpA gained 1.4%, Imperial Tobacco Group Plc advanced 1.5%.
The broader gains could be capped due to the ongoing Greek saga.
The Stoxx Europe 600 Index added 0.3 percent to 404.68. The index was up 0.5% earlier. The shares fell int he previous three session after Fed chairwoman Yellen on Friday indicated a rate hike this year.
Among stocks, IAG climbed 1.4% after getting approval from the Irish government to proceed with its EUR 1.4 billion (USD 1.53 billion) takeover of Aer Lingus Group Plc.
Other gainers include, Europe’s third-largest insurer Assicurazioni Generali SpA gained 1.4%, Imperial Tobacco Group Plc advanced 1.5%.
The broader gains could be capped due to the ongoing Greek saga.