European Exchanges Open with Plus due to Statement of ECB Head

European stock exchanges have supported the uptrend, observed at the majority of trading grounds worldwide, and opened with a plus. This has been caused by the statement of European leaders about effective measures to fight crisis. The meeting of ECB is scheduled for Thursday; the issue of eurozone crisis is to be discussed during the meeting.

During the first hours of the trading session German index DAX has risen by 1.62 percent, having amounted to 6689.40 points, CAC-40 (France) has increased by 0.63 percent, having reached the point of CAC-40, whereas British FTSE 100 has slightly dropped by 0.01 percent to 5626.70 points.


Spanish index Ibex 35 has risen by 0.75 percent, having reached 6667.40 points. Companies’ quotations may drop and government bonds may rise at secondary market due to the fact that Spanish GDP has dropped by 1 percent. Government bonds of Spain and Italy will be bought by ECB and European fund.

During the previous week FTSE 100 has risen as much as fallen, which brings in doubt about the variant with the second wave. At a last resort – wave b. The most likely variant is the one with forming 5-wave structure as a new lead-in wave of the uptrend.