Ahl Masr Burn Hospital Concludes First Scientific Forum, Prepares for Expanded Second Edition in 2026    Egypt Tax Authority Standardises VAT Treatment for Exported Services, Issues Guidance    EGX ends week in green on 27 Nov.    Resilience, Innovation, and the Smart Home: Mohamed Ataya on GROHE's Strategic Vision for Egypt    Australia returns 17 rare ancient Egyptian artefacts    Asian stocks rise on Thursday    Oil prices dip on Thursday    Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank    China's WINPEX to establish $15m lighting equipment plant in Ain Sokhna    Egypt expands rollout of Universal Health Insurance    Egypt's Al-Sisi links national progress to strict law enforcement, says society has role in reforming legal application    Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations    China invites Egypt to join African duty-free export scheme    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Europe stocks end higher as oil prices climb; Fed watched
Amwal Al Ghad Published in Amwal Al Ghad on 19 - 09 - 2016

European stocks ended higher Monday as investors cheered a rally in oil markets and awaited the start of the Federal Reserve's policy meeting this week.
The U.K.'s FTSE 100 and the French CAC 40 closed roughly 1.5 percent up, while the German DAX ended just under 1 percent higher.
The pan-European Euro Stoxx 600 Index ended just over 1 percent higher, with all sectors and major bourses in positive territory.
Oil markets were in focus, with prices rising after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal, Reuters reported.
When European stock markets closed, light crude futures for October were trading 2.4 percent higher at $44.05 per barrel, having closed the previous session at $43.03.
Investors were also looking ahead to a meeting of the U.S. Federal Reserve. The central bank starts a two-day meeting on Tuesday but the chances of a rate hike this month are slim following a deluge of disappointing U.S. data.
In Germany, Angela Merkel's CDU party suffered its second electoral blow in two weeks on Sunday, with support slumping in a Berlin state vote that some saw as a rejection of the Chancellor's open-door refugee policy.
In other news, Russia's ruling United Party comfortably won the country's parliamentary elections that took place on Sunday.
Mining stocks up
In stock news, basic resources surged by over 3 percent, led by Anglo American. The U.K.-listed miner closed around 5.7 percent higher, helped by an upgrade price target from Credit Suisse.
Meanwhile, shares of Weir Group closed 1.7 percent up after an analyst upgrade from JP Morgan.
Rolls Royce announced Sunday that it would be cutting 200 management jobs as part of its restructuring; share closed up 1.6 percent.
Source: CNBC

Clic here to read the story from its source.