London: Amidst apprehensions regarding Europe’s development prospects, European markets had a notable increase on Tuesday, supported by China’s monetary stimulus efforts.
With mining, technology, and home goods doing well and telecoms and utilities being the only sectors in negative territory, the pan-European Stoxx 600 index saw an increase of 0.8% in early transactions.
Asia-Pacific markets surged overnight after Beijing announced a number of policy loosening measures aimed at stimulating the economy, which has led to a sense of optimism in Europe.
Source (CNBC)
