European Markets Surge Ahead Of Stress Test Results
By Swing Trader
July 22, 2010 1:10 PM
July 22, 2010 1:10 PM
European markets closed higher today ahead of the bank stress test results that will be released tomorrow. European markets performed as follows:
The U.K. FTSE gained 1.8%.
The German DAX surged 2.4%.
The French CAC added 3.1%.
The Spanish IBEX tacked on 2.6%.
The Portuguese PSI jumped 1.9%.
The Committee of European Banking Supervisors (CEBS) will publish the results of the tests of 91 banks in 20 European Union countries on Friday. Officials believe these results should help bring confidence back into the continent's banking sector.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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