European shares climb as oil prices rose amid prospects of new incentives


Economy News / Continue …

European stocks rallied on Wednesday, with the rise in oil prices amid prospects for the application of more monetary stimulus, which helped markets in its bid to recover from the damage done to them by the British vote for the exit from the European Union.
And ascended Stoxx 600 Index of European shares, extending a 1.2 percent rise after an increase of 2.6 percent in the previous session. The index has fallen 11 percent over Friday and Monday.
The FTSEurofirst 300 index of top European shares rose 1.2 percent.
Shares of major European oil companies after the rise in oil prices on news of a possible strike in Norway.
European stocks received more support from low sovereign bond yields, where the French bond yield record for ten years, a record low amid speculation more financial incentives to counter the negative impact on the euro-zone economy as a result of the vote in favor of Britain out of the European Union last week.
The British FTSE 100 opening high of 1.4 percent in the third place came the French CAC 40 and the German DAX 1.2 percent.

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