Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
European shares extend gains (AFP)
LONDON (AFP) –
Europe's main stock markets rose on Tuesday, building on strong gains won a day earlier, as dealers in London cheered data showing a slight easing of Britain's record recession.
London's benchmark FTSE 100 index rallied 1.09 percent to 5,351.26 points in late morning trade.
Frankfurt's DAX 30 advanced by 0.38 percent to stand at 5,952.50 points and the
gained 0.67 percent to 3,898.18 nearing the half-way stage.
of top eurozone shares won 0.66 percent to 2,945.29 points.
“We have seen a broad-based rally in London with a variety of sectors continuing to lift the FTSE 100,” said IG Index chief market strategist
.
“Keeping sentiment positive was the latest revision” to British output data, he added.
remains the last major economy in recession according to official data released on Tuesday that showed the country's output shrank by 0.2 percent in the third quarter.
The Office for National Statistics said that British gross domestic product (GDP) contracted by 0.2 percent during the July-September period compared with the previous three-month period.
But it had previously put the contraction at 0.3 percent.
had meanwhile surged higher on Monday, with Paris closing up more than two percent, powered by a strong start to the day on
and good performances in the oil sector, traders said.
ahead of the Christmas break this week.
jumped 0.83 percent to end at 10,414.14 points.
“Looking ahead to the US open, we are expecting the Dow to start around 30 points higher than last night's close,” predicted Jones.
“The way stock indices are moving at the moment — although it is admittedly in low volumes — we could yet see a move to fresh highs for the recovery before 2009 is out.”
On Tuesday, the
struck its highest level in almost three months as investors cheered the gains on Wall Street and a weaker yen, which is good for exporters.
's benchmark Nikkei-225 index rallied 1.91 percent to end at 10,378.03 points, the best finish since
.