The benchmark Stoxx Europe 600 Index added 0.8 percent to 226.63 at 4:40 p.m. in London, after earlier surging as much as 2.2 percent. The gauge has still fallen 22 percent from this year’s peak on Feb. 17 as European and U.S. economic data that trailed forecasts added to concern the global recovery is at risk. The retreat has left the Stoxx 600 trading at about 9.4 times its companies’ estimated earnings, near the lowest since March 2009
European stocks rose august 23 2011
Indonesia stock info - European stocks august 23 2011 ; European stocks rose for a second day amid continuing speculation the Federal Reserve will take action to bolster the economy and as Chinese manufacturing data exceeded forecasts.
The benchmark Stoxx Europe 600 Index added 0.8 percent to 226.63 at 4:40 p.m. in London, after earlier surging as much as 2.2 percent. The gauge has still fallen 22 percent from this year’s peak on Feb. 17 as European and U.S. economic data that trailed forecasts added to concern the global recovery is at risk. The retreat has left the Stoxx 600 trading at about 9.4 times its companies’ estimated earnings, near the lowest since March 2009
The benchmark Stoxx Europe 600 Index added 0.8 percent to 226.63 at 4:40 p.m. in London, after earlier surging as much as 2.2 percent. The gauge has still fallen 22 percent from this year’s peak on Feb. 17 as European and U.S. economic data that trailed forecasts added to concern the global recovery is at risk. The retreat has left the Stoxx 600 trading at about 9.4 times its companies’ estimated earnings, near the lowest since March 2009
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