European stock market today: The European stock index closed up by 1.58%, boosted by the notable rising trend of the resource and pharmaceutical sectors, in additon to the gain in London stock market trading of the 2012 first day .
The Pan-European Dow Jones index closed at 251.06 points Tuesday, up 1.58%, followed by the advance of the U.S. stock market in the first trading day after the New Year holidays, under the back ground of the previous December manufacturing index performed better than expected, which boosting the European stock market closing session trend up. The Pan-European Dow Jones index closed up for the second consecutive day after the new year holidays. The index rose slightly more than 1%, which was the largest single-day gain since December 20, 2010, also boosted by the positive economic indicators in Germany on Monday.
The London stock market started the first new trading day after the new year and bank holidays, the UK FTSE 100 index in the first trading day after the new year rose 2.29% to close at 5699.91 points, leading the European stock markets’ gains.
The German DAX 30 index rose 1.50% to close at 6166.57 points with the car manufacturers Daimler (DAI) stock price increasing 3.7% and BMW (BMW) stock price gaining 4%, while the Volkswagen Group (VOW3) stock price adding 2.48%.
The French CAC 40 index climbed 0.72% to end at 3245.40 points, French bank Societe Generale (GLE) stock price once rose earlier and then fell, eventually dropped by 0.48%; France Telecom (FTE) whose rating was lowered by Societe Generale to underweight, reversed the earlier downtrend to end up flat.
The resource shares was today’s best performing sector. The the general rise of crude oil, precious metals and base metals drived the heavyweights Rio Tinto (RIO) and BHP Billiton (BLT) stock prices up 6.40% and 6.15% respectively. The large resource consumption country—China announced the latest official purchasing managers’ index on Sunday, which was better-than-expected, reversing the previous trend of industry contraction, this result also led to multiple mineral and commodity-related stocks rise. The Pharmaceutical companies Novartis (NOVN) and Roche Holding (ROG) stock prices were up 1.30% and 1.70% respectively.
Best stock watch.com European stock market today watch