European Stocks Rally to Six-Week High on Back of Energy Shares

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By Jacob Maslow

European stocks rallied despite the euro falling for the third day in a row. European markets were uplifted due to gains in oil and gas. The Royal Dutch Shell Plc (RDSA) was one of the biggest winners on the day, rising 2.66%.

France’s markets bounced back following the terrorist attacks in Paris, with the CAC 40 index being one of the biggest winners of the day, rising 2.3%.

If the markets keep at their current pace, European stocks are on a roll to reach their biggest advance in six weeks. Oil prices have remained above $40 a barrel, while the falling euro has allowed for investors to enter into the market. Europe’s Stoxx Europe 600 index had 570 stocks that rose on the day, with the index up 2.1%.

Germany’s DAX index was up on the news that the country’s investor confidence beat initial analyst forecasts in the month of November. The index is up 1.8% on the day.

The market as a whole in Europe is doing well today, but EasyJet Plc (LON:EZJ) is among the biggest losers on Tuesday, with the company stock falling 3.3%. News the company will miss earnings estimates has caused its stock to fall.

European markets remained relatively unchanged on Monday following the terrorist attacks over the weekend.

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