European stocks rebound in the final, Athens limits damage – BorsaInside

Almost all major European stock markets closed positive. Image: Shutterstock

Almost all major European stocks closed today rising. The FTSE 100 in London gained 0.5%, the CAC40 in Paris 0.5%, the DAX in Frankfurt 0 , 1% and SMI in Zurich 0.1%. L ‘ IBEX 35 in Madrid has lost 0.8%.

‘ EuroStoxx 50 , the index of 50 blue chips in the area € , rose 0.1%.

For the third time the greek Parliament failed to elect the President of the Republic. Consequently, the premier Antonis Samaras that there was nothing that announce early elections for 25 January. The news sparked a hail of sales on European exchanges. The EuroStoxx 50 arrived to lose up to 1.5%. In the last hours of trading, however, there was a rebound. The markets are betting that SYRIZA , the radical left party led by Alexis Tsipras , will fail to get enough votes to dictate the future Greek politics. The Athens Stock Exchange has been able to significantly reduce its losses. After declining by 11% index ASE has finally closed in fall of 3.9%.

The mining benefited from higher prices for metals . Anglo American (GB00B1XZS820) has gained 2.8%, BHP Billiton (GB0000566504) 2.8% and Rio Tinto (GB0007188757) 2.7%.

The banks were weak. Commerzbank (DE0008032004) has lost 0.7%, Societe Generale (FR0000130809 ) 0.6% and BBVA (ES0113211835) 0.7%.

Royal Mail (GB00BDVZYZ77) has gained 4.6%. The rival City Link is over in receivership.