14 Aug 2017

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European stocks rebound after biggest weekly drop since Nov

Aleksandra Gjorgievska, Bloomberg

London - European stocks advanced from a five-month low as investor concerns over a standoff between the US and North Korea eased.

The Stoxx Europe 600 Index rose 0.7% at 09:17. Banks led gains, following bond yields higher, while technology shares were also among the best performers.

The Stoxx 600 on Friday extended its drop from a May peak to 6.1% as US President Donald Trump warned the isolated nation not to follow through with a missile test near Guam, after warning of unleashing “fire and fury” on North Korea earlier in the week.

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Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
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