Market Updates
European Markets Advance, Spanish Jobless Rate Falls but at Elevated Level
Nigel Thomas
23 Oct, 2014
New York City
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European markets advanced after private surveys showed manufacturing sector expanded in the euro zone and the largest economy in the region, Germany, showed expansion in October.
European markets advanced after private surveys showed manufacturing sector expanded in the euro zone and the largest economy in the region, Germany, showed expansion in October.
Spain reported jobless rate declined to 23.7% in the quarter to September from 24.5% in the previous quarter. Separately, the Bank of Spain lowered its assessment of economic growth in the third-quarter at 0.5% after the economy expanded at 0.6% in the second-quarter.
DAX 30 index in Frankfurt surged 1.3% or 113.94 to 9,053.49 and in London FTSE 100 index increased 0.2% or 15.38 to 6,415.11.
In Paris, CAC 40 index soared 1% or 39.45 to 4,144.54.
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