index: The STOXX 600 index, which tracks the share prices of companies across 17 European countries, ended the day 0.9% higher, according to The Guardian. Despite the bounce, the STOXX 600 remained on track for its worst monthly performance since August 2015, following the stock market turbulence through most of October. Financial stocks also contributed to the rally, thanks to strong results from Europe's biggest bank, HSBC, as well as the decision by Standard & Poor's not to downgrade the Italian government's credit rating. London's FTSE 100 closed up 1.4%, led by HSBC, which closed up 4.8%. The FTSE 100 posted its best daily performance in five weeks, recovering some of the ground lost last week after a heavy sell-off hurt shares around the world. Wall Street started in positive territory before slipping back. The gains in Europe followed a sluggish performance in Asia, where worries about China's slowing economy weighed.
(news.financializer.com). As
reported in the news.
Tagged under index, october topics.