Alex Borzak
European stock exchanges are showing growth. The statement of the Head of ECB Mario Draghi about buying out the bonds of the countries suffering from crisis is influencing stock indexes for two days in a row. Independent index of largest enterprises of the region Stoxx Europe 600 has risen by 0.64 percent, having amounted to 273.42 points. Index of largest enterprises of Eurozone Dow Jones Euro Stoxx 50 has risen by 1.46 percent – to 2561.74 points.
British index FTSE 100 has risen by 0.34 percent – to 5797 points. French index CAC 40 has risen by 1.19 percent – to 3551.59 points. German DAX has added 0.84 percent, having risen to 7227.59 points.
World stock indexes have finished their mid-term correction, which is proved by the rapid growth during the previous trading session, and FTSE index is not an exception. The index has not yet broken above its mid-term highs, but it already has a strong rising structure. Wave 5 of [iii] is expected to be formed in short-term; its resistance will be provided by point 5791.
Alex Borzak
