17th August 2015
European stocks bounced back on Monday after suffering their worst week in six.
The FTSEuroFirst 300 index rose 0.8 per cent as shares on the main bourses in Paris and Frankfurt pushed higher.
Germany’s DAX was up 0.3 per cent, while the CAC in France climbed by half a per cent by lunch.
However, London’s FTSE 100 index of leading shares was lower as mining firms continue to suffer from the weak commodity environment.
Oil slid further towards its lowest in more than six years, with another round of weak Japanese GDP data fuelling doubts about demand in Asia.
Meanwhile, the US dollar was broadly higher on Monday as the currency recovered from last week’s losses.
The buck rose a quarter of a per cent against its major peers, though China’s currency devaluation last week continues to weigh on expectations of a Fed rate hike any time soon.
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