RNK European Markets Hold Gains 15th April

Ontario, Canada, April 15, 2016 (Newswire.com) - 15th April 2016

RNK Global

European markets continue to rebound. Economic indicators out of China earlier in the week showing a stronger than expected economy have continued to buoy investors in Europe. This morning key GDP data will be released out of China and this is expected to solidify the economy's growth.

Daniel Leavy, PR Manager

RNK European Markets Hold Gains 15th April

The major European indexes closed higher on Thursday as global markets rallied and reached 2016 highs.

European Market Closes Thursday 15th April

FTSE 100 – 6,365.10 (+0.03%)

DAX – 10,093.65 (+0.67%)

CAC – 4,511.51 (+0.47%)

European markets continue to rebound this week. Economic indicators out of China earlier in the week showing a stronger than expected economy have continued to buoy investors in Europe. This morning key GDP data will be released out of China and this is expected to solidify the economy’s growth.

European markets are expected to open higher as the news continues to be upbeat. The Euro managed to stave off the USD and stay just under the 1.14 level.

With the impending UK referendum on whether to leave the EU, the ECB calling for further stimulus and Italian banks being shored up by their local government Europe is on the precipice of another possible downturn even if the markets don’t show it.

Both the IMF and the ECB have warned against the UK leaving the EU and the Bank of England and the Chancellor have mirrored these sentiments.

With the gains in the global markets at 2016 highs, many investors are keen to see whether once earnings season in the US has finished, whether there will be a glut on the markets in May.

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Source: RNK Global